Wholesalers have the end of the year to grow 1% in 2016

Brazilian wholesalers are relying on the sales momentum of end of the year 2016 with an advance to close shy of 1%. According to the Brazilian Association of wholesalers and distributors (Abad), strengthening of the end of the year will be through improved economic and political scenario.
"The proximity of the holidays and the cooling of inflation will contribute to the actual industry revenues will be positive in 2016, although it is a small growth of 1%," says the President of the entity, Joseph of Egypt Fleet Lee Son. For him, setting up the macro setting in the country, it is possible to return to stable scenario. "Let''s get ready for the country to grow in a sustainable way", he adds.
In August the industry saw 9.1% high in nominal revenues. When discounted inflation measured by the IPCA in the period, the advance is 0.2%-shy. The accumulated until August, compared with the same period last year, the expansion hit 8.37%. Already in relation to the month of July, the growth was 2.36% in August, said the report by Abad.