Brazil retail sales smash market forecasts in March
Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in a positive reading for the country’s broader first-quarter economic performance despite high interest rates.
Retail sales rose 0.8% in the month compared with February, data from statistics agency IBGE showed on Wednesday, largely beating consensus of a 0.8% drop in a Reuters poll of 13 economists, which had a 0.2% gain as maximum expectation.
Via Reuters