Brazil retail sales fell 1.5% in April, the steepest monthly drop since 2022, as high interest rates bite and the central bank prepares its rate decision.
Brazil · Economy
Key Facts
—The headline. Brazil’s retail sales fell one and a half percent in April from the month before.
—The record. It was the steepest monthly drop since mid-2022 and the first decline of this year.
—The surprise. Economists had expected a fall of around half a percent, less than half the actual figure.
Vendas no varejo do Brasil têm em abril maior queda em quase quatro anos
Comércio recua 1,5% em abril, com queda nas vendas de combustíveis
Brazil inflation exceeds target range, complicating rate cuts
Varejo surpreende com queda além do esperado em abril
La inflación en Brasil se aceleró hasta el 4,72 % en mayo, presionada por los alimentos
Brazil must maintain long-term economic focus
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Retração foi mais que o dobro da esperada por analistas de mercado
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