Itaú BBA - Retail sales climb 0.4% in January

Macro Brazil

< Volver

Retail sales climb 0.4% in January

marzo 14, 2019

Normalization after Black Friday effects

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

 

 Core retail sales climbed 0.4% mom/sa in January, in line with our forecast and above the median of market estimates (0.1%). The year-over-year change accelerated to 1.9% from 0.7%.

 Broad retail sales (including vehicles and construction material) advanced 1.0% during the month, beating our estimate and the median of market expectations (0.4% and 0.2%, respectively).

 For the time being, we anticipate modest seasonally-adjusted increases in both retail sales indicators in February.


Alexandre Gomes da Cunha

 

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



< Volver