Brazilian Supermarket Sales To Grow by 1% in 2016
Brazilian supermarket sales in October 2016 grew by 0.71% compared to the same month in 2015 and by 4.78% in September 2016, according to the Brazilian Association of Supermarkets (Abras).
In the first half of the year, supermarket sales increased 1.16%. This positive performance has led Abras to maintain its forecast that the sector should grow overall about 1% this year.
In comparison, Brazilian supermarket sales fell by 1.9% during 2015.
According to the recently elected president of Abras, João Sanzovo Neto, sales have been stable during the second half of 2016.
The highest price increases were registered for beef (5.72%), beer, potatoes and soap, while long life milk (-11.05%), onions, beans and eggs were the categories that saw the biggest price declines.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.