Brazil’s retail sales experienced a decline of 0.3% month-over-month, a significant drop from the previous month’s 0.1% decrease. This marks a further contraction in consumer spending, highlighting a downward trend in retail activity.
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The actual retail sales figure matched analyst estimates of a 0.3% decline, suggesting that the market had anticipated this slowdown. The retail sector is likely to face pressure, with consumer-focused stocks potentially seeing short-term negative sentiment. This contraction may also influence broader market expectations regarding consumer demand and economic growth in Brazil.