• Categories
  • Archives

Despite Crisis Brazil’s Retail Grew Almost 6% Last Year

Store Edmil in BrazilIn 2009 the turnover of Brazilian retail trade grew 5.8%. It was the lowest rate since 2004, mainly due to the reduction in sales caused by the world economic crisis. The information was culled from the Serasa Experian research company’s Trade Activity Indicator.

The furniture, household appliances and computers segment grew 12.8%. Retail sales of textiles, clothing, shoes and accessories, and vehicles, motorcycles and parts grew 7.9%. There were reductions in sales of fuels and lubricants (- 2%) and building material (- 13.7%).

According to the Serasa Experian, the good performance in retail trade in the second half of 2009 was not enough to compensate the losses caused by the effects of the international economic crisis.

In December, the turnover of retail trade grew 2.4% in comparison with November. The result was driven by furniture, household appliances and computers, which recorded growth of 3.3% compared with the previous month. Other segments that helped the performance last month were vehicles, motorcycles and parts (2.8%) and building material (2.9%).

In comparison with December 2008, retail trade grew 10.8% last month. The highlights were vehicles, motorcycles and parts (+ 22.9%); textiles, clothing, shoes and accessories (+ 22.2%); and furniture, household appliances and computers (+ 20.6%).

Forex Reserves

Brazil’s Central Bank announced that the country’s foreign exchange reserves by the end of 2009 reached a record-high figure of US$ 239.054 billion, growth of US$ 32.248 billion compared with 2008, when Forex reserves totaled US$ 206.806 billion.

A significant share of the growth was due to the resumption of purchases of dollars in the spot market by the Central Bank. According to the Flow of Foreign Exchange Bulletin, by December 24th, the country had received an inflow of US$ 28.89 billion, of which US$ 26.9 billion consisted of additional reserves.

Throughout the year, the purchases of dollars were also regarded as a means to contain the devaluation of the United States currency against the Brazilian real, which lost 25% of its value over the course of last year, leading Brazilian products to lose competitiveness in the international market.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil: A Touch of Despair at the PT Court

Let’s begin with the diagnosis issued last week by President Lula, one of the ...

Brazil, a Land of Kisses and Hugs Where Grumpiness Has Been Banned

Brazilians are always happy. I know this is a broad generalization, yet I’m not ...

A couple from Brazil's Northeast

20,000 Rich Families Rule Brazil, But the Poorest Elect the President

According to polls, Brazilian President Luiz Inácio Lula da Silva has emerged unscathed from ...

A Chance to End Impunity

Indictment, Brazilians have learned, does not mean conviction, and as similar cases pile up, ...

On Two Legs

Brazil is the country that can undertake a lucid program encompassing the two legs ...

Brazil's Folha de S. Paulo headline: Lula and Alckmin Dispute Second Round

Brazilian Masses Send Lula a Message: We May Be Poor But We Are Not Dumb

The first interpretations suggested by the tight electoral results of Sunday (October 1st) have ...

Brazil’s Social Forum Ends. Next Edition in the Works.

There were six days of myriad discussions, political debates, and the presentation of proposals ...

Brazilian furniture gets more space overseas

Despite Dollar Fall, Brazil Sells 17% More Furniture Overseas

Brazil exported US$ 6.74 billion  in furniture last year, representing an increase of 17.2% ...

Middle East and Asia Lead Brazil to New Record in Chicken Exports

Once again the Middle East was the leading market for Brazilian chicken overseas. Exports ...

Panama’s National Airline Orders Brazilian Jets

Copa Airlines of Panama announced today its acquisition of ten Embraer 190 commercial jets ...