Brazil: rebound in retail sales not as impressive as it first seems

The sharp pick-up in Brazilian retail sales over the past couple of months has fuelled hopes that the country’s consumer-led growth model has kicked back into gear. We’re not so sure. While spending on small-ticket items (which is covered by the retail sales data) does seem to have strengthened, spending on big-ticket items (which is not) remains extremely weak.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.