Forexpros – Retail sales in Brazil rose more-than-expected last month, industry data showed on Thursday.

In a report, Instituto Brasiliero de Geografia e Estatistica said that Brazilian Retail Sales rose to a seasonally adjusted 9.5%, from 8.3% in the preceding month whose figure was revised up from 8.2%.

Analysts had expected Brazilian Retail Sales to rise 6.5% last month.

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