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Retail Sales Decline 8.2 Percent from Last Year in Brazil

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Retail sales results in Brazil fell in October, according to the country’s official statistics bureau, the IBGE, by 0.8 percent in comparison to September in the seasonally adjusted series. In comparison to October of 2015, retail sales fell by 8.2 percent.

The results register its 19th consecutive negative rate and accumulating a decline of 6.8 percent in the last 12 months, the highest for this indicator since 2001.

“The decline in October was mainly caused by the negative results registered in supermarkets, food and beverages (-0 . . .

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