Brazil Retail Sales Rebound
Brazil Retail Sales Rebound

Brazil Retail Sales Rebound

Brazil Retail Sales Rebound

Brazilian retail sales rebounded in September from an unexpected drop in the prior month as lower unemployment provided a welcome boost to consumer spending, Reuters reported. Sales volumes, excluding cars and building materials, rose 0.5% in September from August after seasonal adjustments, government statistics agency IBGE said on Tuesday. Retail sales increased 6.40% from the year before, compared to the median forecast of 5.20%. The reading exceeded economists’ median forecast of a 0.40% increase in a Reuters poll, and bucked a two-month string of underwhelming figures that had stoked concerns over Brazil’s recovery from its worst recession in a century.

Short URL : https://goo.gl/vM5MYu
  1. https://goo.gl/zYF4rf
  • https://goo.gl/V3yQhZ
  • https://goo.gl/xi1GBp
  • https://goo.gl/cUXjgJ
  • https://goo.gl/JBHUHK

You can also read ...

All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
IMF Cautions Kenya on Rising Debt
The International Monetary Fund has cautioned that Kenya’s...
The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
Credit Tightening Dominoes Threaten Asia With Hidden Risks
With Asia’s economies humming along, consumer prices rising...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.