From the Newsroom*
São Paulo – Retail trade grew 11% in Brazil in the first two months of this year compared with the same period last year. The figures were taken from the Serasa Trade Activity Indicator.
Specialised retail for products such as electric and electronic devices, vehicles and construction material recorded a 12.5% expansion during the period. Hypermarket and supermarket sales grew 9% using the same basis for comparison.
Sales also saw a 10.9% expansion in the month of February in comparison with the same month of 2007. Sales volumes for hypermarkets, supermarkets, and retail food and beverage increased 9.2%, and specialised retail posted a 12.5% growth.
The indicators, according to technicians at Serasa, reflect the expansion of credit supply, longer term financing, insolvency under control, growth of formal employment and of total wages paid.
*Translated by Gabriel Pomerancblum
