Brazilian retail sales posted a recovery in September, rising 0.5% against the previous month following a month-on-month decline in August, the Brazilian Census Bureau (IBGE) said Tuesday. September sales were up 6.4% against September of 2016, the best year-over-year performance since April of 2014. The figures are seasonally adjusted. Economists said the figures show that Brazil’s recovery from a two-year recession is firming. September sales were led by supermarkets and information technology. Declining interest rates and rising employment levels should help boost retail sales even more in 2018, economists said.
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