Real Retail Sales: Latest Data

BRAZIL ECONOMICS - Report 16 Jan 2014 by Affonso Pastore, Cristina Pinotti and Marcelo Gazzano

Real retail sales expanded in November. In the restricted sense (without cars and building materials), the increase was 0.7%, while in the augmented concept growth was 1.3% (Graph 1). The 12-month rates were 7.0% and 5.7%, respectively. Given the carry-over of 2.5% in augmented sales, even with the decline of automobile sales in December, the last quarter of 2013 should show better sales growth than in the third quarter (when it was only 0.6%), contributing slightly to recovery of GDP growth in the last quarter of 2013.

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