{"id":425767,"date":"2026-05-13T15:16:13","date_gmt":"2026-05-13T15:16:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/425767\/"},"modified":"2026-05-13T15:16:13","modified_gmt":"2026-05-13T15:16:13","slug":"brazils-retail-sales-beat-forecasts-hit-record-high-in-march","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/425767\/","title":{"rendered":"Brazil&#8217;s retail sales beat forecasts, hit record high in March"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">SAO PAULO, May 13 (Reuters) &#8211; Brazil&#8217;s retail sales volumes beat expectations and \u200creached a record high in \u200cMarch, data from statistics agency IBGE showed on \u200bWednesday, though high borrowing costs continue to restrain a broader recovery.<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Sales rose 0.5% in March from the previous month, \u200cwhile economists polled \u2060by Reuters had expected no changes<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 It was the third \u2060consecutive monthly increase, with five of eight sectors posting gains<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Andres Abadia, chief \u200bLatin America \u200beconomist at \u200bPantheon Macroeconomics, said the \u200crecovery remains gradual rather than broad-based<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 &#8220;Tight credit conditions and still-elevated interest rates continue to weigh on big-ticket purchases and cap the pace of expansion,&#8221; he \u200csaid<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 Brazil&#8217;s central bank \u200blast month cut its \u200bbenchmark interest \u200brate by 25 basis points \u200cfor a second straight \u200bmeeting to \u200b14.50%<\/p>\n<p class=\"yf-1fy9kyt\">\u2022 On an annual basis, retail sales rose 4.0% in March, well \u200babove expectations \u200cfor a 2.75% increase in the \u200bReuters poll<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Isabel Teles; Editing \u200bby Gabriel Araujo)<\/p>\n","protected":false},"excerpt":{"rendered":"SAO PAULO, May 13 (Reuters) &#8211; Brazil&#8217;s retail sales volumes beat expectations and \u200creached a record high in&hellip;\n","protected":false},"author":2,"featured_media":425768,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[218336,575,138,219,28161,111,139,69,13287,218335],"class_list":["post-425767","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-andres-abadia","tag-brazil","tag-business","tag-economy","tag-expectations","tag-new-zealand","tag-newzealand","tag-nz","tag-retail-sales","tag-sales-volumes"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/425767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=425767"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/425767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/425768"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=425767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=425767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=425767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}