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

Tags:

  • Show Comments (2)

  • 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 !

Your email address will not be published.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’s Phone-bugging Expert Sought to Spy on Opposition Presidential Candidate

In a smaller scale repetition of Watergate, a Brazilian scandal involving Lula’s handpicked presidential ...

Defiant Brazil’s House Speaker Says He Won’t Step Down

Brazil’s House Speaker, Severino Cavalcanti (from the PP party of the northeastern Brazilian state ...

The Atlantic Forest used to cover the whole Brazilian coast

German State Bank Invests US$ 11 Million in Brazilian Forest

KFW (Kreditanstalt fรผr Wiederaufbau), the German government ownedร‚ย  Development Bank, is going to invest ...

NGO Accuses Nestlรญยฉ of Scoffing at Brazil’s Law

Since the beginning of its activities in Parque das ร€ยguas (Park of Waters) in ...

Ayrton Senna Group Joins US Firm to Make High Definition TVs in Brazil

Group Senna, a family-owned business conglomerate in Brazil announced it is joining forces with ...

Telma, a character in Globo's Paraรญso Tropical

Here’s Brazil’s New Audience Champion: Another Trashy Novela

Brazil has a new 9 pm novela (soap opera): Paraรญso Tropical (Tropical Paradise). You ...

What’s Eating Brazil

I have an offer from the bureaucrats in the port of Santos, Customs and ...

Brazil’s Fragole Uses Art to Sell Clothes Worldwide

A garment factory from Porto Alegre, capital of the southernmost Brazilian state of Rio ...

Low Dollar Hurts Brazil’s Machinery Sector

The exports of Brazilian machinery and equipment has broken a new historic record bringing ...

Another Scary Day in Brazil: Markets Down 11%

Brazilian shares plummeted more than 10% on Wednesday, October 15, triggering a trading halt, ...