Americas > South America > Bolivia > Brazil's retail sales rose additional-than-expected in August,

Bolivia: Brazil's retail sales rose additional-than-expected in August,

2014/10/15

Brazil's retail sales rose additional-than-expected in August, next declining in previous two months, figures from the statistical office IBGE revealed Wednesday.

Retail sales grew 1.1 % from July, at the same time as they fell 1 %, revised from 1.1 %. Economists had estimate a 0.8 % increase.

Year-on-year, retail sales fell for a second straight month, down 1.1 % in August. Economists had estimate a 1.2 % decline. In July, sales dropped 0.9 %.

The broad measure of retail sales that includes sales of vehicles and construction material declined 0.4 % monthly following a 0.6 % gain in July. Economists had expected a 1 % fall.

On a yearly basis, broad retail sales dropped 6.8 % in August next a 4.9 % decline in July. Economists were looking for a 6.9 % fall.

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