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Publicada el lunes, 10 de octubre de 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.