Brazil's retail sales for April rose by 0.9% month-over-month, falling short of the expected 1.3% increase. Year-over-year, retail sales grew by 2.2%, also below the anticipated 3.4%. These figures suggest a cooling in growth for Latin America's largest economy. Additionally, Brazil's service sector showed a month-over-month growth of 0.5% in April, up from 0.4% previously, and a year-over-year increase of 5.6%, a significant improvement from the previous -2.3%. Brazil's foreign exchange flows also saw a substantial increase to $5.299 billion from $0.632 billion.
Brazil’s retail sales rose less than expected at the start of the second quarter, the latest sign that growth is cooling in Latin America’s largest economy https://t.co/SMBROAu96O via @economics @andrewrosati @latamalinowski
Brazil’s retail sales rose less than expected at the start of the second quarter, the latest sign that growth is cooling in Latin America’s largest economy https://t.co/m1JezXOJuE
🇧🇷 Retail Sales MoM (Apr) Actual: 0.9% Expected: 1.3% Previous: 0% https://t.co/cgyOdBvOOx
🇧🇷 Brazil Retail Sales (YoY) (Apr) $BRL Actual: 2.2% 🔴 Expected: 3.4% Previous: 5.7%
🇧🇷 Brazil Retail Sales (MoM) (Apr) $BRL Actual: 0.9% 🔴 Expected: 1.3% Previous: 0.0%
🇧🇷 Retail Sales MoM (Apr) Actual: 0.9% Expected: 1.3% Previous: 0.0% https://t.co/cgyOdBvOOx
Heads Up:🇧🇷 Retail Sales MoM (Apr) due at 12:00 GMT (15min) Expected: 1.3% Previous: 0% https://t.co/cgyOdBvOOx
🇿🇦 South Africa Mining Production (Apr) $ZAR Actual: 0.7% Previous: -4.8%
🇧🇷 Brazil Foreign Exchange Flows $BRL Actual: 5.299B Previous: 0.632B
🇧🇷 Brazil Brazilian Service Sector Growth (MoM) (Apr) $BRL Actual: 0.5% Previous: 0.4%
🇧🇷 Brazil Brazilian Service Sector Growth (YoY) (Apr) $BRL Actual: 5.6% Previous: -2.3%