Itaú BBA - Broad retail sales recede after expanding for eight months

Macro Brazil

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Broad retail sales recede after expanding for eight months

enero 15, 2020

Advance in core retail sales and drop in the broad concept


For the version with all charts and tables, please open the attached pdf file
 

 Core retail sales expanded 0.6% mom/sa in November, while broad retail sales (which include vehicles and construction material) receded 0.5% mom/sa.

 5 out of 10 retail sales categories posted gains. Sales of “pharmaceutical, medical, orthopedic, perfumery and cosmetic items” and “office, IT and communication equipment and supplies” were the main positive highlights.

 In our view, economic activity remains in a gradual acceleration trend, but with some weaker signs at the margin in November and December.
 

Luka Machado Barbosa
Matheus Felipe Fuck


For the version with all charts and tables, please open the attached pdf file



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