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Brazil retail sales fall in January for third month in a row

RIO DE JANEIRO, BRAZIL - Brazilian retail sales fell in January for a third consecutive month, official figures showed on Friday, March 5th, largely in line with expectations and led by declining supermarket, food and drink sales, as well as weakness in the clothing and footwear sector.

Researchers at government statistics agency IBGE said the fall was in large part due to the expiration on December 31st of emergency government cash transfers to millions of poor families to help them through the Covid-19 pandemic.

The 0.2% monthly fall was slightly less than the 0.3% decline forecast in a . . .

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