Brazil Flash: ”Weak retail sales reinforce moderation mood”
Published on Monday, October 10, 2011
Brazil Flash: ”Weak retail sales reinforce moderation mood”
Retail sales declined 0.4%m/m in August and surprised markets to the downside (consensus was for a 0.1%m/m drop). This result shows domestic demand slowed down after three months of positive growth and right before the country started to more intensely feel the impact of the global crisis.
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