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Investing.com -- Brazil’s retail sales volumes fell 0.3% in July from June, according to data released Thursday by government statistics agency IBGE.
The decline matched economists’ expectations of a 0.3% decrease for the month.
Despite the monthly drop, retail sales in Latin America’s largest economy showed growth when compared to the same period last year.
Sales increased 1.0% from July 2024, surpassing the 0.8% year-over-year growth that economists had forecast.
The July figures represent the latest indicator of consumer spending patterns in Brazil’s retail sector, providing insight into the current state of domestic consumption in the Brazilian economy.
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