Brazilian retail sales staged a sharp rebound in November after four straight months of decline, the Brazilian Census Bureau (IBGE) said Tuesday. Retail sales rose 2 percent in November against October, on a seasonally adjusted basis. Retail sales figures came in ahead of analyst expectations. Most heartening of all, the rise in sales was led by big-ticket household items such as furniture and appliances. Supermarket sales also advanced, while overall retail sales were still down 3.5 percent against November 2015. However, the month-on-month figures gave economists hope that a long-awaited rebound may be in store for Brazil’s economy in 2017.
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