Brazilian retail sales posted a major, and largely unexpected, rebound in August, the Brazilian Census Bureau (IBGE) said Thursday. Sales were up 1.3% against July, the first rise after three straight months of decline. Sales rose 4.1% against August of 2017. The rebound was felt across all sectors, including fuels and supermarkets as well as big-ticket consumer items. Economists said retail sales were rebounding, in part, because of lower interest rates and declining unemployment. Meanwhile, the retail sector continued its recovery from effects of a May truckers strike.
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