May 9, 2019 / 12:15 PM / 2 months ago

Brazil retail sales rise 0.3 pct in March, below forecasts

BRASILIA, May 9 (Reuters) - Brazilian retail sales rose 0.3 percent in March from the month before, government statistics agency IBGE said on Thursday, well below the increase of 0.8 percent forecast in a Reuters poll of economists.

Retail sales slumped 4.5 percent compared with the same month last year, the biggest year-on-year decline since December 2016, IBGE said, and far weaker than the median forecast of a 2.6 percent drop. (Reporting by Jamie McGeever)

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