Brazil's retail sales increased unexpectedly in October and logged the strongest growth in seven months, figures from the Brazilian Institute of Geography and Statistics, or IBGE, showed on Thursday.
Retail sales rose 0.5 percent month-on-month in October, reversing a 0.2 percent fall in September. Meanwhile, economists had expected a further decline of 0.2 percent.
Sales of office, computer, and communication equipment and materials showed a strong recovery of 3.2 percent over the month, and those of vehicles and motorcycles and parts and pieces grew 3.0 percent. Meanwhile, sales of fabrics, clothing, and footwear dropped 0.3 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.