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October Retail Sales Data Due at 1200GMT/0700ET

BRAZIL
  • Retail sales data for October will be released at the top of the hour, with the annual headline figure expected to dip to 1.8% from 3.3% a month prior.
  • Itaú have noted that concerning retail sales, they expect the broad index to expand by 0.3% mom/sa (+3.8% yoy), while the core index should increase by 0.2% mom/sa (+1.1% yoy). They add there is a lot of uncertainty regarding the broad index estimates given that a new activity (wholesales specialized in food) was added to the new methodology and only 21 observations are available.
    • Oct. Retail Sales M/m, est. 0.4%, prior 0.6%
    • Oct. Retail Sales Y/y, est. 1.8%, prior 3.3%
    • Oct. Retail Sales Broad M/m, est. 0.3%, prior 0.2%
    • Oct. Retail Sales Broad Y/y, est. 3.5%, prior 2.9%
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