Only Moderate Growth of Consumption, Despite Positive Signals

BRAZIL ECONOMICS - Report 21 Oct 2013 by Marcelo Gazzano, Cristina Pinotti and Affonso Pastore
Growth of retail sales in the restricted sense (excluding cars and construction materials) was surprisingly strong again in August. Graph 1 shows that in the quarter through August, these sales expanded at an annualized pace of 10.5%, showing continued strong acceleration in relation to the first quarter of the year. Last week the latest data on net new hiring in the formal sector (CAGED data) also showed strong growth, with 211,000 new jobs created in September. The temptation in light of these results is to consider that consumption will accelerate in the next quarters. However, we believ...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.