Brazilian Supermarkets Have Anemic Sales Growth

Supermarket sales in Brazil rose 0.66% in 2005, reports the Brazilian Supermarket Association (Associação Brasileira de Supermercados) (Abras). The association’s original forecast for 2005 sales was an increase of 2% to 2.5%.

As usual there was a strong surge in sales in December. They rose almost 35%, compared to November. But the December 2005 sales were 3.84% less than in December 2004.

The Abras president, João Carlos de Oliveira, blamed high interest rates, high unemployment and increases in prices controlled by the government – water, electricity, telephone and fuels.

"We had a year where worker income dropped and consumers spent most of the period in debt with reduced purchasing power. That all had a direct impact on supermarket sales, mainly in the second half," he declared.

But Oliveira said the outlook for 2006 is better. His forecast is for an increase of 1.5% to 3% in sales.

ABr

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  • Guest

    me
    ๐Ÿ˜€ ๐Ÿ™‚ ๐Ÿ˜‰ 8) ๐Ÿ˜› ๐Ÿ™„ ๐Ÿ˜ฎ :zzz :sigh: ๐Ÿ˜• ๐Ÿ˜ฅ ๐Ÿ™ ๐Ÿ˜ก …teehee i like smilies…smile its a beautiful day!

  • Guest

    But just listen to what Lula says :
    ….everything is beautiful during his mandate !

    The same for unemployment : it went down from 9.6 % to 8.3 % IN ONE MONTH !!!!!!

    The first problem is that unemployment cannot fall as much in a SINGLE MONTH when the overall economy is weak as it is.

    The second problem is that the numbers of people in work remained stable at 20.2 millions. Therefore the government numbers in the fall of unemployment from 9.6 % to 8.3 % in ONE MONTH…… IS FAKED, WRONG AND MANIPULATED…. ON PURPOSE.

    This is simply Brazilian statistics….not recognized in any respectable country.

    In an election year in Brazil, government liars lie even more than in a non election year.
    But they always lie anyway.

    SIMPLE !

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