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Brazilian retail sales up in January: IBGE

RBR Staff Writer Published 14 March 2014

Brazilian retail sales volume rose unexpectedly in January, as against the corresponding period a year ago, according to reports released by government statistics agency IBGE.

Month-on-month, retail sales rose 0.4% in January, compared to 0.2% drop in December, with strong demand for food, fuel and furniture.

Year-on-year, retail sales grew 6.2% annually, after witnessing 3.9% fall in December. Economists had predicted 4.8% sales growth.

During the month, fuel and home goods sales drove the retail expansion in January, but neither recovered fully from December's drop.

Supermarket sales increased three straight months, the agency said.