date:Sep 13, 2013
Brazilian retail sales jumpedmore than expected in July as lower food prices offered relieffor tight family budgets, bolstering hopes that the economy canavoid a quarterly drop.
Sales volumes in Brazil rose a seasonally adjusted 1.9percent in July from June, the government statisticsagency IBGE said on Thursday, well above a median forecast of a0.2 percent rise.
Evidence of recovering demand boosted hopes for a fragilerecovery in Latin America's largest economy, after householdspending lost s