By Matthew Elliott, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The volume of retail sales in the country grew by 1.9 percent in July in the strongest national return since January 2012, according to data disclosed Thursday by the Brazilian Institute of Geography and Statistics (IBGE). Revenue figures were up two percent, reflecting progress in the governmental policy of encouraging consumption, government officials say.

In the twelve months since July 2012, sales have increased by 5.4 percent, while revenue has . . .

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