Retail sales fall 1.5% in April, first contraction of 2026 after three months of growth

April's result came below market expectations, which projected a 0.60% contraction according to a Reuters survey

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In annual comparison (April 2026 vs April 2025), retail grew 1% according to IBGE, but there is rounding divergence between sources

Expanded retail (including vehicles and construction materials) fell 0.7% in April in monthly comparison