LatinNews Daily - 14 June 2017

In brief: Brazil

* Brazil’s retail sales increased by 1% in April compared with the previous month, and by 1.9% over the same time last year according to a report by Brazil’s national statistics site (Igbe). The positive results show “a recovery in consumer confidence, [and that] the sharp fall in food prices and the fall in interest rates have started to increase private consumption and retail activity,” said the economic director for Latin America at Goldman Sachs, Alberto Ramos, in a note quoted by local daily Folha de São Paulo.

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