Correction to Brazil Retail Sales Article

Features Dow Jones Newswires

Brazilian retail sales declined in May, reflecting continued weakness in consumer demand as the economy struggled to recover from its deepest recession on record.

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Sales volumes slipped 0.1% in May from April on a seasonally adjusted basis, the Brazilian Institute of Geography and Statistics, or IBGE, said Wednesday.

The decline fell short of the median estimate in a poll of economists by the local Agência Estado newswire, which called for a 0.2% rise in retail sales.

Compared with April 2016, retail sales were up 2.4%, the IBGE said.

Write to Paul Kiernan at paul.kiernan@wsj.com

Compared with May 2016, retail sales were up 2.4%, the IBGE said. "Brazil Retail Sales Fell 0.1% in May--IBGE," at 8:20 a.m. ET, misstated the month in the last paragraph. (July 12, 2017)

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(END) Dow Jones Newswires

July 12, 2017 08:43 ET (12:43 GMT)