RTTNews - Tuesday, Brazil's statistical office IBGE announced that the retail sales dropped a seasonally adjusted 0.2% month-on-month in April, compared with a 0.5% fall in the previous month. Economists' were looking for a decline of 0.1%.

Year-on-year, retail sales climbed 6.9% in April, faster than the 1.3% rise in the previous month. Economists had expected an increase of 6.5%.

For the January to April period, retail sales increased 4.5% compared to the same period of the previous year.

Meanwhile, nominal retail revenue grew 13% annually and it was up 0.2% compared to the preceding month.

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