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Brazil retail sales decline for eighth month in a row

November 12, 2015 by

Brazilian retail sales declined by 0.5% in September against the previous month, the eighth declining month in a row, the Brazilian Census Bureau (IBGE) said Thursday. Sales were down 6.2% against September of 2014. Brazilian retail sales have been hurt by rising interest rates, high levels of consumer debt and increased unemployment.

Link to IBGE release.

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