Brazil Flash: ”Weak retail sales reinforce moderation mood”
Published on Monday, October 10, 2011
Brazil Flash: ”Weak retail sales reinforce moderation mood”
Summary
Retail sales declined 0.4%m/m in August and surprised markets to the downside (consensus was for a 0.1%m/m drop). This result shows domestic demand slowed down after three months of positive growth and right before the country started to more intensely feel the impact of the global crisis.
Geographies
- Geography Tags
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research
Documents and files
Warning: Invalid argument supplied for foreach() in /var/www/html/wp-content/themes/bbvaresearch/single.php on line 850