January 2024 saw Brazilian retail sales climb 2.5% from the previous month. This rise marks a significant rebound since a 0.8% increase in September 2023. It echoes the growth observed in January 2023, also at 2.5%. The Brazilian Institute of Geography and Statistics (
Related Posts
Brazil Leads as Initial Customer for Edge Group’s Advanced Missile
At the Dubai Airshow 2023, the Edge Group unveiled the Mansup-ER missile, an advanced Brazilian anti-ship and surface missile. This new version boasts an extended range of 200 km and can carry a 150 kg explosive warhead. It features in-flight reprogramming of navigation waypoints and operates close to the sea surface for evasion. This missile […]
Morgan Stanley Backs Brazilian Malls: Iguatemi and Allos Shine
Morgan Stanley has spotlighted Brazilian shopping centers, recommending investors watch Iguatemi (IGTI11) and Allos (ALOS3) closely. Both companies show big potential, with expectations for solid returns and growth. Iguatemi stands out due to its strong track record in strategic projects over the last decade. Morgan Stanley set a price target of R$31 for Iguatemi, indicating […]
Lula pledges Brazil’s commitment to Mercosur-EU trade deal
During the opening session of the European Union-Latin America Business Forum in Brussels, Belgium, Brazil’s President Luiz Inácio Lula da Silva confirmed Brazil’s commitment to the trade agreement between Mercosur and the EU. The commitment includes adherence to environmental preservation, a significant requirement from the EU. Lula emphasized the country’s strategy for long-term development based […]