(Reuters) - Retail sales rose 1.1 percent in March from February, more than the 0.55 percent median forecast in a Reuters survey of 12 analysts. The estimates ranged from a drop of 0.2 percent to an increase of 1.6 percent.
Three of the four sectors surveyed for the month-on-month data showed an increase, the government's statistics agency IBGE said. The sector encompassing textiles, clothing and shoes led the gains, rising 2.7 percent, followed by a 1.3 percent increase in sales of furniture and appliances.
Read more at Reuters.com Economic News
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