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Wednesday, July 16, 2008

Brazil Retail Sales May 2008

Retail sales volume was up 0.6% month-on-month in May, on higher sales of food, beverages, personal items and office equipment. Data from government statistics agency IBGE said six of the eight sectors surveyed showed higher growth during the month. Sales were up a strong 10.5% when compared with May 2007. The sales growth was led by a 1.1% rise in sales of supermarket sales, which rebounded from a 0.2% drop in April. Sales of personal items rose 2% in May, after a 1% fall in April. And sales of office equipment rose 5.1%, rising from a 3.7% growth in April.

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