Brazil's retail sales decreased for the third straight month in June, figures from the Brazilian Institute of Geography and Statistics, or IBGE, showed on Wednesday.
Retail sales dropped 0.1 percent month-on-month in June, following a 0.4 percent fall in May. Meanwhile, economists had expected a 0.7 percent rise for the month.
Sales of office, computer, and communication equipment and supplies showed a decline of 2.7 percent over the month, and those of books, newspapers, magazines, and stationery slid by 1.5 percent. On the other hand, sales of other articles for personal and household use rose by 1.0 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.