Brazil's retail sales in May remained unchanged from the previous month, defying expectations for a decline, data from the statistical office IBGE showed on Thursday.
Economists had forecast a 0.4 percent decline. Year-on-year, retail sales grew 4.5 percent, which was better than the 3.4 percent growth expected by economists.
Broad retail sales, which includes automobiles and construction materials, declined 0.8 percent monthly. Sales rose 4.4 percent year-on-year. Economists were looking for a 4.1 percent increase.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.