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Brazil Retail Sales Growth Slows In December

Brazil's retail sales slowed in December, after rising in November, figures from IBGE showed on Wednesday.

The retail sales recorded 0.6 percent year-on-year in December after a 4.5 percent rise in November. In October, sales rose 1.9 percent.

Sales of books, newspapers, magazines and stationery declined the most, down 24.6 percent. That was followed by furniture and household devices with a 5.3 percent fall.

On a month-on-month basis, retail sales declined 2.2 percent in December after a 3.1 percent rise in the previous month.

For the whole year of 2018, the retail sales rose 2.3 percent followed by a 2.1 percent rise in 2017. The latest growth was the biggest since 2013.

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