Brazilian retail sales fell for a second month in a row in August, this time retreating 0.6 percent against July, the Brazilian Census Bureau (IBGE) said Tuesday. Sales were down 5.5 percent against August 2015. The decline was once again led by big-ticket consumer items, which have suffered from high interest rates. Supermarket sales, on the other hand, rose modestly. Brazil is still struggling to free itself from a long recession. Most economists expect a recovery to kick off before the end of the year.
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