Brazil Consumer Goods and Retail Sector Report 2023 Q2

According to the Monthly Survey of Trade by Brazil's Statistics Office (IBGE), retail sales in Brazil increased by 2.4% y/y in volume terms in Q1 2023. Although the domestic economy did well in terms of overall economic activity, with GDP expanding by 4% y/y during the quarter, the retail sector was not among the main drivers of growth, with the strong performance mostly being driven by other sectors (e.g., agriculture). The value added of wholesale and retail trade grew by just 1.6% y/y in Q1 2023, a marked deceleration compared to the 2.1% y/y growth in Q4 2022. High nominal interest rates are a main constraint for retail sales, with the SELIC benchmark rate remaining above 13% pa during the entire Q1 2023, despite the sharp deceleration of inflation. The central bank retained a hawkish stance on the grounds of still unanchored inflation expectations.

This report provides a complete and detailed analysis of the "Retailing" sector for Brazil. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Retailing" sector in Brazil
• Crystallise the forces both driving and restraining this sector in Brazil
• Ascertain Brazil’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Brazil.
• Build a clear picture of trends, output and consumption for specific sub-sectors