Thursday, June 01, 2017

Actual sales of supermarkets of Brazil go up 6.27 percent in April over a year earlier, says Open

SAO PAULO-The actual sales of supermarkets of Brazil went up 6,27% in April over the same period to 2016, assisted by Easter, reported on Wednesday the association representing the industry, Open. Before March, there were 4, 6% advance.
"High in sales in April was already expected due to Easter," said the organisation. In 2016, the Passover was celebrated in March.
In the first four months of the year, the national index of the industry''s Sales showed high 0,5% compared to the previous year, the Open was considered "a slight sign of growth."
"Entrepreneurs have worked hard to maintain supermarket sales. Inflation has decreased, which favors the purchasing power, but the country is still living a economic and political instability, even with high unemployment rate, which directly impacts on the income of the population, "said the President of the entity, João Sanzovo Neto, in a note.
In nominal terms, the supermarket industry sales in April rose 10,65% before April 2016 and 4,20% compared to March. Year to date, the high was 5,25%.
DCI - 31/05/2017 News Item translated automatically
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