Retail Sales (May 2013)

BRAZIL ECONOMICS - Report 11 Jul 2013 by Marcelo Gazzano, Cristina Pinotti and Affonso Pastore
In May, retail sales in the restricted concept remained stable, but in the augmented sense (including cars and construction materials) there was a decline of 0.8%. In relation to May last year, the respective variations were 4.5% and 4.4% (Graph 1). Graph 1 Retail Sales – 12-month variation Among the positive components that stand out are the rise of 1.9% in supermarket sales (Graph 2A), showing renewed growth after three straight months of retraction, and the 0.4% increase in sales of furniture and appliances (Graph 2B), a slight recovery after the relative stability between the third quar...

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