Retail sales Y-on-Y in Brazil, December, 2019
For that indicator, Brazilian Institute of Geography and Statistics provides data for Brazil from 2004 to Q4 2019. The average value for Brazil during that period was 4.91 percent with a minimum of -14.1 percent in January 2016 and a maximum of 22.1 percent in March 2010.
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* indicates monthly or quarterly data series
Source: Brazilian Institute of Geography and Statistics
Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.