Brazil’s Retail Sales Grow Nine Months in a Row, Accumulating 10%

Brazilian supermarket Extra In Brazil, the volume of retail sales grew 1.4% in September, and revenues rose 1.7% over the previous month, according to the Monthly Industrial Research, disclosed by the IBGE (Brazilian Institute of Geography and Statistics).

This was the ninth consecutive increase in comparison with the previous month, in a series considering seasonal adjustment, according to the study.

In comparison with September 2006, the volume of sales and revenues rose 8.5% and 12.2%, respectively. Sales grew 9.6% in the accumulated result for the year up to September and 8.9% over 12 months up to September.

IBGE economist Nilo Macedo said that of the five seasonally adjusted activities, two grew: hypermarkets, supermarkets, food products, beverages and tobacco (3%) and furniture and household appliances (0.1%).

There were reductions in the fuel and lubricant sector (-0.4%), garments and shoes (-2.1%) and vehicles, engines and parts (-1.1%).

"The supermarket sector was mainly favored by the anticipation of the first half of the thirteenth salary of pensioners. Therefore, in December this influence will be smaller in comparison with previous years," stated Nilo Macedo.

The sector with greatest expansion in the year was the furniture and household appliance sector (20.1% in volume and 21.0% in revenues), followed by vehicles and motorcycles and parts (15.8% and 20.5%), hypermarkets, supermarkets, food products and tobacco (7.5% and 15.9%), fabric, garments and shoes (6.4% and 9.8%), and fuels and lubricants (1.9% and 1.3%).

Brazilian industrial employment also grew in September, 1% over August, according to the Monthly Survey of Industrial Employment and Wages, disclosed on Wednesday (14th) by the IBGE.

In comparison with September 2006, the growth was 2.8%. Out of the 14 areas surveyed, 11 increased their number of workers, and out of 18 sectors, employment grew in 12. The states of São Paulo (4.4%), Paraná (4.8%), and Minas Gerais (2.7%) had the greatest influence in the overall result.

IBGE economist Denise Cordovil informed that in the accumulated result from January until September, the amount of employees in the industry sector increased by 1.7%, a result similar to the one recorded in 2004 (1.8%).

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