Retail sales rise 0,8% in January, says IBGE.
Brazilian retail sales rose 0,8% in January compared to December and increased 0,6% compared to the same period of the previous year; data was released this Friday, the 13th, by IBGE; compared to the same month of the previous year, the expectation was for a decline of 0,9 percent in the median of 19 projections, which ranged from a decline of 2,2 percent to an increase of 0,1%.
RIO DE JANEIRO (Reuters) - Brazilian retail sales rose 0,8 percent in January compared to December and increased 0,6 percent compared to the same period of the previous year, the Brazilian Institute of Geography and Statistics (IBGE) reported on Friday.
A Reuters poll had expected sales to fall 0,5 percent in January compared to the previous month, according to the median of 20 projections that ranged from a 2,4 percent drop to a 1,1 percent increase.
Compared to the same month of the previous year, the median expectation of 19 projections was for a decline of 0,9 percent, ranging from a decline of 2,2 percent to an increase of 0,1 percent.
(Reporting by Rodrigo Viga Gaier and Pedro Fonseca)