Rio de Janeiro – Brazil’s retail sector is poised to see the best Easter in five years, with sales amounting to BRL 2.2 billion (USD 669.96 million) and 10,600 temporary jobs being created. So says the National Confederation of Trade in Goods, Services and Tourism (CNC), which released this Tuesday (20) its year-on-year estimates for Holy Week, with inflation accounted for.
If the forecast proves true, Easter retail performance will be the best since sales went up by 4.8% in 2013. During Easter 2017, sales climbed 1.1% year-over-year after sliding by 5.2% in 2015 and 2016. Easter this year will fall on April 1st.
*Translated by Gabriel Pomerancblum