![SAO PAULO (Reuters) - Retail sales volumes in Brazil posted in November their biggest drop in five months, government st...](https://img3.medioq.com/492/586/114075954925868.jpg)
03/02/2023
SAO PAULO (Reuters) - Retail sales volumes in Brazil posted in November their biggest drop in five months, government statistics agency IBGE said on Wednesday, affected by higher fuel prices and a weak Black Friday performance last year.
Brazil's retail sales fell 0.6% in November from October, IBGE reported, a deeper drop than the 0.3% one expected by economists polled by Reuters and the first negative reading since July.
The latest data came in as consumption stutters in Brazil amid a lack of credit growth, higher interest rates and rising consumer prices, research manager Cristiano Santos said in a statement.