Brazil retail sales rise more than expected in October

Posted by 7Star Wednesday, December 16, 2009

Retail sales volumes in Brazil rose more than expected in October and figures were revised higher for September, underscoring the rebound in Latin America's largest economy. Sales volumes rose 1.4 percent in October from September, statistics agency IBGE said on Tuesday, more than double the 0.6 percent median forecast of 17 analysts surveyed by Reuters.

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