Retail sales in October grew 8.3 percent year on year, the best performance for the month since 2012.
In the three-month period ending in October, the index registered an increase of 1.4 percent compared to the previous three months, while so far this year, it accumulated 0.9 percent growth, and a 1.3 percent rise over the previous 12 months.
The increase in retail sales in October and six months of growth in a row reflect the recovery of the Brazilian economy, impacted by the novel coronavirus (COVID-19) pandemic, which caused a strong contraction in March and April of this year.
"The level of retail trade set a record for the third time in a row, being 0.9 percent above September and 8 percent higher than February, a pre-pandemic level," the IBGE said, though it noted "growth was unequal" across retail segments.
The financial market has forecast that gross domestic product in 2020 will fall 4.4 percent, while the government forecast expects a drop of 4.5 percent.
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