Brazil Retail Sales Jump 1% in November, Beating Forecasts

Overview

• Restricted retail volume rose 1.0% from October, the second consecutive increase, and was up 1.3% year over year with year‑to‑date growth at 1.5%.
• Seven of eight activity groups advanced, led by office equipment and IT (+4.1%) and furniture and appliances (+2.3%), while textiles, clothing and footwear fell 0.8%.
• The expanded measure that includes vehicles, construction materials and atacarejo increased 0.7% month over month but declined 0.3% from a year earlier.
• The result topped market expectations, exceeding a Valor Data median forecast of a 0.2% monthly gain.
• Nominal restricted revenue grew 1.0% on the month and 4.2% on the year, as CNC still projects full‑year 2025 retail growth below 2%.