Retail sales grow 0.4% in January, says IBGE

The volume of retail sales in Brazil rose 0.4% in January 2026 compared to December 2025, according to data released by the Brazilian Institute of Geography and Statistics (IBGE) on Wednesday (March 11). Over the past 12 months, growth stood at 1.6%. The survey highlights gains in sectors like pharmaceuticals and clothing, but declines in office equipment and fuels.

The Monthly Retail Trade Survey (PMC), started in January 1995 by the IBGE, tracks gross resale revenue in formal companies with 20 or more workers focused on retail trade. Indicators cover real and nominal revenue, employed personnel, and wages. In January 2026, four of the eight surveyed activities showed positive results. Pharmaceutical, medical, orthopedic articles, and perfumery led with a 2.6% rise, followed by textiles, clothing, and footwear (1.8%), other personal and household articles (1.3%), and hypermarkets, supermarkets, food products, beverages, and tobacco (0.4%).

Conversely, office equipment, informatics, and communication materials dropped 9.3%, books, newspapers, magazines, and stationery fell 1.8%, and fuels and lubricants declined 1.3%. Furniture and household appliances activity remained stable, with zero variation.

The expanded retail trade, including vehicles, motorcycles, parts and pieces, construction materials, and wholesale of food products, beverages, and tobacco, grew 0.9% in January compared to December 2025. Versus January 2025, growth was 1.1%, but over 12 months, variation was zero. Vehicles and motorcycles, parts and pieces rose 2.8%, and construction materials increased 3.4%. However, compared to January 2025, vehicles and motorcycles fell 3.3%, construction materials dropped 2.3%, while specialized wholesale in food, beverages, and tobacco grew 2%.

The IBGE noted that wholesale of food products is not disclosed in the seasonally adjusted comparison due to insufficient months for modeling.

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Illustration depicting Colombia's factory production rise amid falling sales and employment, with economic graphs overlay.
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Manufacturing production rises 1.4% in February despite sales drop

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Colombia's manufacturing production rose 1.4% in February 2026 compared to the previous year, but real sales fell 2.5%, according to Dane data. Andi president Bruce Mac Master said the figures show stagnation and that the sector has yet to take off. Employed personnel dropped 0.4%.

US retail sales declined by 0.2% in January, marking a slowdown from December's flat performance but outperforming economists' forecasts of a 0.3% drop. Core sales excluding autos remained unchanged. Year-over-year, sales rose by 3.2%.

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After a 2.6% drop in economic activity in February, according to INDEC, private consultancies estimate a March recovery driven by agriculture. Equilibra forecasts a 1.5% year-on-year rise and 1% monthly desesasonalized. The first quarter would end with 0.4% growth versus 2025.

Colombia's National Administrative Department of Statistics (DANE) reported that imports in January 2026 reached US$5,902.9 million, up 9.7% from January 2025. This marks the highest January figure in the decade, surpassed only by US$6,050.5 million in 2022.

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The number of municipal employees in Brazil rose 21% from December 2021 to 2025, from 6.2 million to 7.5 million, according to IBGE's Pnad data compiled by economist Bruno Imaizumi. This outpaces growth in other public sectors and private formal employment. The surge reflects population demands and fiscal improvements.

In the latest update in Colombia's Monthly ISE Reports series, the Indicador de Seguimiento a la Economía (ISE) for February 2026 grew 1.65%, according to Dane—marking the second consecutive month below 2%, following January's 1.55%. Tertiary activities led with 2.55% growth, offsetting a 2.08% drop in primary sectors.

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The Producer Price Index report indicates that wholesale inflation for final demand rose by 0.5% in January. This figure exceeded economists' expectations of 0.3% growth and followed a 0.4% increase in December. Core PPI, excluding food and energy, climbed 0.8% during the month.

 

 

 

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