LatAm Daily | Retail sales in Brazil in surprise downturn
Published on Wednesday, July 13, 2016
LatAm Daily | Retail sales in Brazil in surprise downturn
Summary
Retail sales decreased by 1.0% MoM in May, supporting the view that economic activity (and in particular private consumption) remain very weak. In spite of that, we continue to think that the worst in terms of growth is already over. In Chile, in the expectations survey, GDP growth was revised downwards for 2017.
Geographies
- Geography Tags
- Latin America
- Brazil
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