Retail Sales: Modest Recovery

BRAZIL ECONOMICS - Report 13 Jun 2013 by Marcelo Gazzano, Cristina Pinotti and Affonso Pastore

The seasonally adjusted retail sales numbers for April show slightly stronger growth: in the restricted concept sales grew 0.5% and in the augmented concept (including cars and construction materials) they expanded 1.9% (Graph 1). Over the past 12 months through April, the rates are lower than in 2012, with restricted sales growing 1.6% and augmented sales up 9.1% (Graph 2).

Graph 1

Real Retail Sales

Graph 2

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