Actual sales of supermarkets rising 7.93% in October, indicates Open

SÃO PAULO-(Updated to 11:55) The real supermarket industry sales climbed 7.93% in October compared with the same month of 2012, according to the Brazilian Association of Supermarkets (Open). The index has been deflated by the IPCA of IBGE. Compared to September, the high was 5.24 percent.
In the year to October, actual sales grew 5.23 percent compared with same period in 2012.
According to the Open, the October result was above expectations of entrepreneurs in the sector. The Vice President of the entity, Márcio Milan, announced new revision of targets for 2013 and said that the sector should end the year with a real increase of sales between 5% and 5.2%, in comparison with 2012.
The Association had already revised upwards the forecast for the year in August, when the expectation has risen to 4.5%. Milan said the lowest unemployment rate of all year, which contributes to the consumption. Last year, the sector has high of 5.3% compared to 2011.
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http://www.valor.com.br/empresas/3353892/vendas-reais-dos-supermercados-sobem-793-em-outubro-indica-abras # ixzz2lwm9FGL8SÃO PAULO-(Updated to 11:55) The real supermarket industry sales climbed 7.93% in October compared with the same month of 2012, according to the Brazilian Association of Supermarkets (Open). The index has been deflated by the IPCA of IBGE. Compared to September, the high was 5.24 percent.
In the year to October, actual sales grew 5.23 percent compared with same period in 2012.
According to the Open, the October result was above expectations of entrepreneurs in the sector. The Vice President of the entity, Márcio Milan, announced new revision of targets for 2013 and said that the sector should end the year with a real increase of sales between 5% and 5.2%, in comparison with 2012.
The Association had already revised upwards the forecast for the year in August, when the expectation has risen to 4.5%. Milan said the lowest unemployment rate of all year, which contributes to the consumption. Last year, the sector has high of 5.3% compared to 2011.