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Jul 16, 2014

Brazil’s retail sales rise unexpectedly in May

BRASILIA, July 16 (Reuters) – May retail sales in Brazil
rose at the fastest pace in six months as the soccer World Cup
helped to boost sales of television sets, government data showed
on Wednesday.

Retail sales volumes in Brazil rose 0.5 percent in May from
April, the strongest increase since November 2013,
statistics agency IBGE said.

Jun 26, 2014

Brazil’s low growth to help tame inflation -central bank

BRASILIA, June 26 (Reuters) – Brazil’s inflation will start
to subside next year after economic growth slows further, the
central bank said on Thursday, reinforcing expectations that it
will not raise interest rates in the near future.

In its quarterly inflation report issued on Thursday, the
bank lowered its 2014 economic growth forecast to 1.6 percent
from 2 percent previously, faltering from 2.5 percent growth
last year.

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    • About Silvio

      "Silvio Cascione is a Reuters economics correspondent in Brasilia, covering through market polls and economic data the sharp slowdown of Brazil's economy over the past few years. He also leads polling across Latin America on several issues such as regional growth prospects, inflation, and foreign exchange rates."
      Joined Reuters:
      2007
      Languages:
      Portuguese, English, Spanish
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