Brazilian retail sales advanced 2.0% in 2017 against the previous year, the first annual gain since 2014, the Brazilian Census Bureau (IBGE) said Friday. The rise was led by big-ticket items such as furniture and home appliances, reflecting effects of steep cuts in interest rates. Supermarket sales registered a modest advance while fuel and personal items lagged. Economists expect a strong rise in retail sales in 2018 as Brazil’s economic recovery gains momentum.
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