LatAm Daily | Mixed signs from the retail sales indicator in Brazil
Published on Wednesday, June 15, 2016
LatAm Daily | Mixed signs from the retail sales indicator in Brazil
Summary
In Brazil, core retail sales grew by 0.5% MoM in April, while the broad retail sales indicator contracted 1.4% MoM. Taking these figures into account, we expect private consumption to contribute negatively to growth in 2Q16, preventing GDP from growing positively. In Peru, MSCI ratified Peru's stock exchange (BVL) classification as an emerging market for equities.
Geographies
- Geography Tags
- Latin America
- Brazil
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist