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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Realistic image of a Colombian factory with workers and growth statistics highlighting 1.9% manufacturing production rise.
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Colombia's manufacturing production grows 1.9% in October

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Colombia's National Administrative Department of Statistics (Dane) reported that manufacturing production rose 1.9% in October 2025 compared to October 2024. Manufacturing sales grew 2.4%, and employed personnel increased 0.7%. Bruce Mac Master, president of Andi, highlighted sectoral heterogeneity and the importance of the year's final months.

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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DANE reported that manufacturing industrial production fell 0.5% in January 2026 compared to January 2025, with real sales down 0.7%. This marks two consecutive months of production contraction and three for sales.

The National Institute of Statistics and Censuses (INDEC) reported that the utilization of installed capacity in the manufacturing industry reached 61.0% in October 2025. This marks a decline of 2 percentage points from the same month in 2024 and 0.1 points from September. The textile sector saw the largest year-over-year drop.

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Colombia's January 2026 ISE grew by 1.55%, dipping below 2% for the first time in 11 months. Andi warned that public spending remains the main driver, while productive sectors like mining and industry deteriorate. Tertiary activities led growth at 2.7%.

Brazil's main stock index, Ibovespa, closed 2025 with a 34% gain, the highest since 2016, driven by foreign capital inflows due to US interest rate cuts and Trump's protectionist policies. Gold was the most profitable investment, up 65%, while the dollar and bitcoin recorded losses. Brazil's job market showed resilience with unemployment at 5.2%, but public debt reached 79% of GDP.

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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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