Brazil Retail Sales Unexpectedly Rise in October
2024-12-12
Category: economic

Retail sales in Brazil increased 0.4% month-over-month in October 2024, following an upwardly revised 0.6% rise in September, and beating forecasts of a 0.2% fall.
Sales rose for furniture and appliances (7.5%); office equipment, IT, and communication (2.7%); textiles, clothing, and footwear (1.7%); fuels and lubricants (1.3%); hypermarkets, supermarkets, food products, beverages, and tobacco (0.3%); and books, newspapers, magazines, and stationery (0.3%).
In contrast, a decline was seen in sales of pharmaceutical, medical, orthopaedic products (-1.1%) and other personal and household items (-1.5%).
Year-on-year, retail sales in Brazil were up 6.5%, the biggest annual rise since May, following an upwardly revised 2.3% gain in September.