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Brazil's retail sales up 2.7% in October, rising for 3rd straight month

Brazil's retail sales up 2.7% in October, rising for 3rd straight month
Retail sales volume expands 0.4% on monthly basis

By Ovunc Kutlu

ISTANBUL (AA) - Retail sales in Brazil rose 2.7% annually in October, posting a gain for the third consecutive month, according to data released Thursday.

The figure was much higher than expectations, which was to show an annual gain of 2.3%, after it increased 3.2% in September, year-on-year.

Five of the eight sectors in the retail sector posted gains, led by furniture and household appliances with a 2.5% gain, and followed by office and communication equipment and supplies, adding 2%, the Brazilian Institute of Geography and Statistics (IBGE) said in a statement.

On a monthly basis, retail sales volume expanded 0.4% in October.

The estimate for October was a monthly gain of 0.2% after retail sales jumped 1.2% in September from the previous month.


source: News Feed
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