Brazil: Today, retail sales will probably prove robust again
Florencia Vazquez,Gustavo Arruda,Marcelo Carvalho,Nader Nazmi - Market Economics
Daily Latam Spotlight | 13 Dec 2012 06:00 |
Brazil: Today, retail sales will probably prove robust again.
BRAZIL
We expect real retail sales to increase 1.2% in monthly terms, judging by coincident indicators. This represents annual growth of 9.8% y/y. Broad retail sales, which includes vehicles and construction spending, will show robust growth in monthly and annual terms, due to tax breaks.
Looking ahead, the bad news is that an unusually long holiday will likely have depressed November’s headline data. The good news is that December should bounce back again.
This Publication contains non-objective material. See Research Conflicts Policy for definitions.
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Daily Latam Spotlight | 13 Dec 2012 06:00 |
Brazil: Today, retail sales will probably prove robust again.
BRAZIL
We expect real retail sales to increase 1.2% in monthly terms, judging by coincident indicators. This represents annual growth of 9.8% y/y. Broad retail sales, which includes vehicles and construction spending, will show robust growth in monthly and annual terms, due to tax breaks.
Looking ahead, the bad news is that an unusually long holiday will likely have depressed November’s headline data. The good news is that December should bounce back again.
This Publication contains non-objective material. See Research Conflicts Policy for definitions.
GlobalMarkets - GlobalMarkets Disclaimer - Publication Disclaimer - Manage my alerts
Also see Disclosures.
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