Retail Sales in Brazil

Brazil Retail Sales | Economic News & Forecasts

Brazil - Retail Sales

Retail sales record largest drop in six months in June

Retail sales dropped 1.4% in month-on-month seasonally-adjusted terms in June, which was a larger contraction than May's 0.4% decrease. The figure marked the steepest drop since December 2021. Looking at the details of the release, the result was chiefly driven by a fall in supermarkets, food, drinks and tobacco sales. In addition, fuels and lubricants sales also swung to a contraction. Lastly, textiles, clothing and footwear sales declined at a sharp rate.

On an annual basis, retail sales fell at a marginally sharper rate of 0.3% in June (May: -0.2% yoy), the worst result since January. As a result, the trend pointed down, with the annual average variation of retail sales coming in at minus 0.9%, down from May's minus 0.4%.

LatinFocus Consensus Forecast panelists expect retail sales to grow 1.6% in 2022, which is up 0.1 percentage points from last month’s forecast, and 1.3% in 2023.

Brazil - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)-4.2  -6.6  2.5  2.3  1.8  

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Brazil Retail Sales Chart


Brazil Retail
Note: Annual variation of retail sales in %.
Source: Brazil Institute of Geography and Statistics.

Brazil Facts

Value Change Date
Bond Yield6.79-0.82 %Dec 31
Exchange Rate4.02-0.13 %Jan 01

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