Brazilian retail sales rose in June for the third month in a row, this time scoring the biggest monthly advance of the year, the Brazilian Census Bureau (IBGE) said Tuesday. Retail sales in June rose 1.2% against May and 3.0% against June of 2016, the IBGE said. Sales rose in nine of the 12 categories tracked by the bureau. Economists said the figures were further evidence of a broad recovery taking shape in the Brazilian economy after two years of recession. Sales were especially robust in big-ticket areas such as household appliances and motor vehicles. Economists expect further gains in retail sales on tame inflation, rising employment and falling interest rates.
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