(Bloomberg) — Brazil’s retail sales fell for the second time in three months in August, a sign that Latin America’s largest economy was cooling down going into the start of the central bank’s cycle of interest rate hikes.Â
Sales declined 0.3% from the month prior, less than the medium estimate of a 0.6% drop from analysts in a Bloomberg survey. From a year earlier, sales gained 5.1%, the national statistics institute reported on Thursday.
–With assistance from Giovanna Serafim.
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Publish date : 2024-10-10 02:20:00
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