• Categories
  • Archives

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Your email address will not be published.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

Despite Lower Dollar Brazilian Shoemaker Wants to Export More

Grendene, a shoe company from Brazil, has expanded the volume of its exports by ...

Mining Giant Rio Tinto Cuts 14,000 Jobs. Brazil Operations Affected

Rio Tinto, the world's third-largest mining company is eliminating 14.000 jobs and cutting investment ...

Women from 12 Countries Gather in Brazil Looking for Gender Equality

Over 50% of the world’s food is produced by women, according to data from ...

We’re Sure Paying Attention to the U.S., Says Brazil’s Foreign Minister

In a hearing before Brazil’s Foreign Relations and National Defense Commission, the Brazilian Minister ...

Brazil’s Steel to Invest US$ 13 Billion

The Brazilian steel sector will invest US$ 13 billion on expansion through 2010. The ...

The Good Cause

An organization of poor black women, descendants of slaves, overcomes formidable obstacles—including the animosity ...

Brazilian Tourists Become Big Business and the US Can’t Get Enough of Them

The business of America is business, goes the saying, and as Brazilians are interested ...

Lula’s Credit Rating Downgraded

In the next few weeks, we should see whether Lula’s government has the political ...

Dramatic Jump in Brazil’s Dairy Exports

Through August of this year, Brazil exported more dairy products than it did in ...

Blue Angel

A financial journalist goes behind the statistics and the capital flows to the effects ...