Brazil retail sales dip 0.1 pct in March from February

RIO DE JANEIRO Wed May 15, 2013 8:06am EDT

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RIO DE JANEIRO May 15 (Reuters) - Retail sales volumes in Brazil slipped 0.1 percent in March from February, the government statistics agency IBGE said on Wednesday.

Retail sales had been expected to fall 0.3 percent, according to the median estimate of 33 economists polled by Reuters. Forecasts ranged from a drop of 1.5 percent to a rise of 1.2 percent.

Sales growth in February from January was revised to a 0.5 percent drop, from a previously reported 0.4 percent decline.

March's retail sales rose 4.5 percent from the year-earlier period, the IBGE added, more than the 3.8 percent median estimate in the Reuters poll. Forecasts ranged from a gain of 2.2 percent to 7.0 percent.

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