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Brazil Retail Sales Beat All Forecasts on Black Friday Deals

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Brazil’s retail sales in November rose more than all economists estimated, buoyed by Black Friday promotions as the central bank increases borrowing costs in the world’s second-biggest emerging market.

Sales jumped 0.9 percent after a revised 1.3 percent increase in October, the national statistics agency said in Rio de Janeiro. That was above every estimate from 37 economists surveyed by Bloomberg, whose median forecast was for a 0.2 percent increase.