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17th Jun 2015 09:51Latin America, Economic Monitor

Consumption remains a serious weak spot in Brazil's economic cycle. High inflation, rising interest rates, surging unemployment, plunging confidence, and the government's belt tightening, have trashed Brazilians' purchasing power. Retail sales surprised to the downside in April, falling 0.4% month-to-month, equivalent to a huge 3.5% contraction year-over-year, down from a revised 0.3% gain in March. The underlying trend is awful, as our first chart shows.

brazil retail inflation labor economic cycle unemployment sales confidence

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Keywords for: 17 June. 2015 Brazilian Retailers Face Tough Times As Consumers Tighten Belts

brazil, retail, inflation, labor, economic cycle, unemployment, sales, confidence,