Less Interest and More Jobs Contribute to 9.5% Retail Sales Growth in Brazil

Brazil's Lojas Americanas Brazilian retail sales increased by 9.5% from January until September when compared with the same period of last year. This is shown by a survey conducted by Serasa, a company specialized in analyses for backing up credit and business support decisions.

According to the study, sales by specialized retail stores, such as electric and electronic appliance, vehicle, and construction material stores grew 12.2%. Sales by hypermarkets, supermarkets, and food and beverages retail sales rose by 6.9%.

Sales have also recorded a 7.7% increase in September in comparison with the same month of 2006. The specialized retail sector led the increase, with a 9.7% growth. The volume of sales by hypermarkets, supermarkets, and retail sales of food and beverages grew by 5.9%.

According to the Serasa, contributing factors to the performance include credit expansion, longer financing terms, lower interest rates, higher formal employment rates, lower default rates, and an increased salary mass.

Paper Exports

Brazilian exports of pulp and paper totaled US$ 3.45 billion from January to September, an increase of 15.9% over the same period of last year. the data were supplied by the Brazilian Pulp and Paper Association (Bracelpa).

According to information supplied by the organization, the rise in production capacity, the growth in international market demand, and adjustments in product prices were the main reasons for growth.

Foreign sales of pulp totaled US$ 2.17 billion in the first nine months of this year, an 18.9% rise in comparison with the same period of 2006. Exports of paper, on the other hand, grew by 11.1%, with foreign sales totaling US$ 1.27 billion.

Bracelpa estimates that the sector should export US$ 4.55 billion until the end of the year. The positive performance is also a result of the investment program for the sector, which should conclude investments of approximately US$ 3 billion this year.

Anba

Tags:

You May Also Like

Brazil Decries Surtax Imposed on Its Orange Juice by the U.S. and Vows Retaliation

The Brazilian government said that it considered “unfortunate” the United States decision to impose ...

Brazil’s Attorney General Goes After Those Involved in Vote-Buying Scandal

Regarding the decision by Brazil’s Attorney-General of the Republic, Antônio Fernando de Souza, to ...

Payback Time in Brazil: Friends Get Cabinet Post

March 15th was the 20th anniversary of Brazil’s latest experiment with democracy. For the ...

No More Rigid Coalitions: Brazilian Congress Ends Party Piggybacking

By a vote count of 329 to 142, Brazil’s Chamber of Deputies approved, Wednesday, ...

New USAID Director in Brazil Will Oversee US$ 11 Million Budget

 The U.S. Agency for International Development (USAID) announced today, June 30, the swearing in ...

US and China Skip Meeting of Soy Producing Brazil & Friends

Big soybean farmers from Brazil, neighbors and India, meeting in Paraguay agreed to create ...

How Cold Heart and Zeal for Rules at Pharmacy Killed Young Brazilian Mother

Salvador, beautiful city, what happened to you? Salvador, Bahia, Brazil, December 14, 2007. Viviane ...

Brazilians Insulted That Coming Rousseff’s Trip to White House Is Not State Visit

Although relations between Brazil and the United States are supposed to be excellent when ...

Inflation Fears Bring In the Bears in Brazil

Brazilian and Latin American equities declined, as fears regarding inflation and interest rates weighed ...

Brazil’s Rich-Poor Gap Shrinks and So Does Everyone’s Income

The latest numbers from the IBGE (Brazilian Institute of Geography and Statistics) show that ...