Brazil’s Supermarket Sales Fall 10%. Worst Results Since November 2003.

Brazilian supermarket sales were down 10.1% in March in comparison with March, 2005, according to the Brazilian Supermarket Association’s (ABRAS) National Sales Index, which was published April 26.

This result represents the sector’s worst performance since November, 2003. According to the ABRAS, the drop had a big impact on the sector’s overall performance in the first quarter. Sales, which had been down 1.5% through February, ended the quarter with a -4.83% result.

In comparison with February, sales in March were up 6.25%, in consequence of the greater number of days in the month.

According to the ABRAS, the poor performance in March may reflect the fact that, in 2006, Easter fell in the month of April, whereas last year the holiday occurred in March. This contributed to what is considered an above-average performance in March, 2005.

In compensation, the association expects the sector to recover in April, due precisely to Easter sales and the one-month anticipation of the hike in the minimum wage.

ABr

Tags:

  • Show Comments (1)

  • Guest

    Ask Lula and Mantega…
    the country is booming.
    Remember at the end of last year when Lula on a television speech “guaranteed” that 2006 will be an exceptional year. they are freeing money until election, then they will freeze money for 3 years until the next election.
    But this time Lula missed his coup….again.
    He misssed everything, even the world economic recovery where you lagged completely behind the other developing nations.

Your email address will not be published.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

DCs: the Long Arm of Brazilian Business in Europe and the US

After Miami, Lisbon, Frankfurt and Dubai, Brazil is also operating a Distribution Center (DC) ...

Brazil’s Lula: ‘Dear Petrobras, Stop Thinking About Yourself’

Brazilian President Luiz Inácio Lula da Silva participated today, June 14, in the symbolic ...

Brazil Opens Doors to Haitians, But Only 100 a Month Will Be Able to Enter

Brazil will have to rethink its immigration policy due to the economic impact generated ...

Brazil’s Health Alert to Tourists: Public Calamity in Rio Due to Dengue

The Rio de Janeiro Physicians’ Syndicate issued an international alert on what the organization ...

Banana Republics No More

Hasn’t the time come for serious new initiatives to ameliorate past suspicions and foster ...

Florida’s Jeb Bush Joins Brazil in Promoting Ethanol in the Americas

At a press conference today, Florida governor Jeb Bush; Roberto Rodrigues, former Brazilian Minister ...

15 Years of Mercosur: Brazil and Argentina Still Don’t Get Along

The vice-president of the Brazilian Foreign Trade Association, José Augusto Castro, gave his evaluation ...

Brazil Targets US & Mexico to Make Up for Lost Poultry Market

Brazil’s Poultry Exporters Association (Abef) promises to work hard to open new markets this ...

Brazilian Indians Get a Hawaii in Land But May Go to War Between Themselves

It’s been a year since the Brazilian Supreme Court awarded definitive ownership (homologação) of ...

Industry Revises Brazil’s Growth Up. GDP Expected to Grow 3.7%.

Brazil’s National Confederation of Industries (CNI) has increased its forecast for the growth of ...