Feb 15, 2011
3:00:00 PM
| Last Updated
Brazil’s retail sales were flat in seasonally adjusted terms (SA) in December (consensus, 0.6% m/m; RGE, 0.5% m/m), slowing from a 0.75% m/m increase the previous month (revised down from 1.1% m/m). Meanwhile, broad retail sales, which include automobile and construction materials, grew a strong 2.3% m/m, after expanding 0.4% m/m in November. In Q4 2010, retail sales eased to a more sustainable seasonally adjusted annualized growth rate of 6% q/q (SAAR) from 13.6% q/q SAAR in Q3 2010, while broad retail sales advanced 17.9% q/q SAAR after surging 20.1% q/q SAAR in Q3 2010.
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