Retail sales rose 0.4% in October compared to September in a seasonally adjusted series, the Brazilian Institute of Geography and Statistics (IBGE) reported this Thursday 8th. The result fell into the range of estimates of analysts heard Broadcast Predictions, which they expected from a fall of 0.4% to a rise of 2.1%. Compared to October 2021, non-seasonally adjusted retail sales in October increased by 2.7%.
Limited retail sales rose 1.0% year-on-year over the same period last year. In cumulative terms, over 12 months there was an increase of 0.1% compared to a fall of 0.7% compared to September.
In terms of expanded retail, which includes construction materials and vehicles, sales rose 0.5% in October compared to September in a seasonally adjusted row.
The result fell into the range of estimates of analysts heard Broadcast Predictionswhich expected a fall of 0.9% to a rise of 1.9% with a positive median of 0.5%.
Compared to October 2021, unadjusted, expanded retail sales rose 0.3% in October. Expanded retail sales declined 0.5% year-on-year. In 12-month cumulative terms, there was a 1.0% decline compared to a 1.6% decline prior to September.
Quarterly moving average
The quarterly moving average of the restricted retail sales index rose 0.6% in October, according to IBGE. In broad retail, including vehicles and construction materials, the quarterly average rolling sales index increased by 0.7% in October.
Source: Istoe Dinheiro
I work as an author at the World Herald News, a news website that also covers the economy. I have been writing about economic topics for over six years and have written extensively on topics such as unemployment, housing prices, and the stock market. My goal is to provide readers with expert insight into these important issues so they can make informed decisions.