Retail Sales: Unequal Performance Among Sectors

BRAZIL ECONOMICS - Report 13 Nov 2013 by Marcelo Gazzano, Cristina Pinotti and Affonso Pastore
In September, while real retail sales in the restricted sense (without cars and construction materials) grew 0.5%, sales in the augmented sense fell 0.7% (Graph 1). With this, the result for the third quarter was highly discrepant between these two categories: in the restricted sense sales growth accelerated from 0.8% to 3.2% (or 13.6% in annual terms), while there was deceleration of the augmented figure, from 1.0% to 0.2% (Graph 2). These results strengthen the expectation of weak – and possibly negative – GDP growth in the third quarter. Graph 1 Real Retail Sales Graph 2 Real Retail Sale...

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