RIO DE JANEIRO, Jan 15 (Reuters) - Retail sales volumes in Brazil rose 0.3 percent in November from October, government statistics agency IBGE said on Tuesday.
Retail sales had been expected to grow 0.2 percent, according to the median estimate of 20 economists polled by Reuters. Forecasts ranged from a drop of 0.7 percent to an increase of 0.7 percent.
November’s retail sales jumped 8.4 percent from the year-earlier period, the IBGE added, close to the 8.3 percent median estimate in the Reuters poll. Forecasts ranged from 5.2 percent to 9.1 percent growth.