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Brazil Flash: ”Retail sales came up strong in July, but we expect economic activity to moderate in Q3”

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Published on Monday, September 12, 2011

Brazil Flash: ”Retail sales came up strong in July, but we expect economic activity to moderate in Q3”

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Summary

Retail sales grew 1.4%m/m in July, the strongest pace in the year. In spite of this figure we expect activity to gradually continue moderating in the third quarter.