FOREX TradingCharts.com

Financial News: Brazil Retail Sales Fall Sharply Amid Covid-19 Scare

Brazil Retail Sales Fall Sharply Amid Covid-19 Scare

05/13/2020 - 10:43:00 (RTTNews)

(RTTNews) - Brazil's retail sales decline at a sharp pace in March, as people chose to spend only on essentials such as food amid the crisis triggered by the spread of the coronavirus, or Covid-19, figures from the statistical office IBGE showed on Wednesday. Retail sales decreased a seasonally adjusted 2.5 percent month-on-month after a 0.5 percent gain in the previous month. Economists had forecast a 7.7 percent decline.

Among the different groups, sales of textile and clothing logged a massive 42.2 percent fall, followed by books and stationery with a 36.1 percent slump. Sales in department stores and supermarkets grew 16.3 percent, and including food sales, the increase was 14.6 percent. Pharmaceuticals and cosmetics segment logged a sales growth of 1.3 percent versus 0.7 percent in the previous month.

Broad retail sales, which include sales of automobiles and construction goods, decreased 13.7 percent monthly in March after a 0.5 percent gain in each of the previous two months. Sales of automobiles crashed 36.4 percent, while those of construction material dropped 17.1 percent. On a year-on-year basis, retail sales fell an unadjusted 1.2 percent in March after a 4.7 percent increase in the previous month. That was the first fall in 12 months. Economists were looking for a 6 percent decline.

Broad retail sales dropped 6.3 percent after a 3 percent increase.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: Germany Factory Orders Data Due (57 min(s), 37 sec(s) ago)
(RTTNews) - Factory orders from Germany and house prices from the UK are due on Friday, headlining ...Full Story»

Japan Household Spending Sinks 11.1% On Year In April (12 min(s), 23 sec(s) ago)
(RTTNews) - The average of household spending in Japan was down 11.1 percent on year in April, the ...Full Story»

Japan Household Spending Data Due On Friday (57 min(s), 23 sec(s) ago)
(RTTNews) - Japan is on Friday scheduled to release April numbers for household spending, highligh ...Full Story»

ECB Slashes Eurozone Growth Forecasts, Sees 8.7% Contraction This Year (56 min(s), 23 sec(s) ago)
(RTTNews) - The European Central Bank slashed its growth and inflation projections for this year a ...Full Story»

U.S. Labor Productivity Decreases Much Less Than Initially Estimated In Q1 (52 min(s), 23 sec(s) ago)
(RTTNews) - Revised data released by the Labor Department on Thursday showed U.S. labor productivi ...Full Story»

U.S. Trade Deficit Widens More Than Expected To $49.4 Billion In April (34 min(s), 23 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit ...Full Story»

U.S. Weekly Jobless Claims Drop Less Than Expected To 1.877 Million (11 min(s), 23 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits pulled back further off their recent ...Full Story»

ECB Boosts Emergency Asset Purchases Amid Economic Slump Due To Covid-19 (42 min(s), 23 sec(s) ago)
(RTTNews) - The European Central Bank on Thursday increased the size of its emergency asset purcha ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: Germany Factory Orders Data Due

06/05/2020 - 00:05 AM (RTTNews)
(RTTNews) - Factory orders from Germany and house prices from the UK are due on Friday, headlining ...Full Story>>

Japan Household Spending Sinks 11.1% On Year In April

06/04/2020 - 20:15 PM (RTTNews)
(RTTNews) - The average of household spending in Japan was down 11.1 percent on year in April, the ...Full Story>>

Japan Household Spending Data Due On Friday

06/04/2020 - 18:00 PM (RTTNews)
(RTTNews) - Japan is on Friday scheduled to release April numbers for household spending, highligh ...Full Story>>

ECB Slashes Eurozone Growth Forecasts, Sees 8.7% Contraction This Year

06/04/2020 - 09:59 AM (RTTNews)
(RTTNews) - The European Central Bank slashed its growth and inflation projections for this year a ...Full Story>>

U.S. Labor Productivity Decreases Much Less Than Initially Estimated In Q1

06/04/2020 - 09:55 AM (RTTNews)
(RTTNews) - Revised data released by the Labor Department on Thursday showed U.S. labor productivi ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.