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Publicada el miércoles, 11 de enero de 2012

Brazil Flash: ”Economic activity rebounded in November”

Retail sales expanded 1.3%m/m in November, significantly more than expected. The figure reinforces the view that economic activity rebounded in the end of the year after a sharp deceleration in the three previous months. We see retail sales data released today in line with a GDP growth of around 0.3%q/q in Q4.