Retail sales in Brazil continue to improve in September

The volume of retail sales in Brazil grew by 7.3% y/y in September, the biggest increase in 30 months, after jumping by 5.5% y/y and 6.2% y/y in July and August, respectively. The government’s income transfer programs, the relief of social distancing measures and the surge in online purchases boosted the trade. 

Furniture and appliances continued to record the highest increase in sales among the segments, growing by 28.6% y/y in September, after growing by 36.2% y/y in August. The segment of other personal and household items rose by 18.8% y/y in September, followed by pharmaceutical and cosmetics, which grew by 13.7% y/y. 

Further data and analysis on Brazil’s economy could be found on the CEIC Brazil Economy in a Snapshot – Q3 2020 report.