Brazil Retail Sales Post Strongest Rise Since March
Brazil’s retail sales increased 0.5% in October, outperforming expectations and showing broad consumer strength across most sectors.
Key Points:
Retail sales +0.5%, strongest since March.
Beat expectations of a decline.
7 of 8 sectors grew; apparel fell.
Top gains: Office & IT (+3.2%), Fuels (+1.4%), Furniture & Appliances (+1.0%).
19 of 27 states recorded growth.
Expanded retail index +1.1%; vehicles +3.0%.
Year-on-year retail growth +1.1%.
#RetailSales# #USeconomy# #MarketSentiment# #PrimetimeGlobalMarkets# #DataReport#
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