• Categories
  • Archives

Despite Poor Supermarket Sales Commerce Gets Little Boost in Brazil

Commercial sales in Brazil grew for the second straight month, after having racked up negative results in August (-0.13%) and September (-0.18%). The growth rate in November was 0.26%, 0.17 percentage points better than October’s 0.09%.

The upswing in activity was led by the furniture, home appliances, vehicles and motorcycles, and autoparts sectors. According to the coordinator of the Services and Commerce division of the Brazilian Institute of Geography and Statistics (IBGE), Nilo Macedo, these areas are sensitive to the availability of credit.

The data released, Tuesday, January 17, by the IBGE on commercial sales volume in November also show that the supermarket and hypermarket sector was off 0.37%, after a 0.62% rise in October.

Formal Jobs

At the end of last year, formal jobs (with employees taken on officially, paying all due fees) grew 5.09%, with the creation of 1.254 million work posts.

This was the second best result according to figures disclosed by the General Records Office for Employment and Unemployment (Caged) under the Ministry of Labor, losing only to 2004 (1.523 million jobs generated).

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

US President George W Bush

Bush Won’t Discuss Reducing Ethanol Tariff with Brazil

The ethanol agreement to be signed between Brazil and United States during president Bush's ...

Brazil Credits Stability to Refusal to Sign Treaty with US

Celso Amorim, Brazil's Foreign minister, said that those countries which have signed free trade ...

Brazilian Market Falls Erasing Earlier Gains

Latin American stocks dropped, as investors cashed in some of the region’s strong gains ...

Brazil Creates Technology to Fight Soybean Rust

Brazil’s Ministry of Agriculture reports that it will spend US$ 565,000 (1.5 million reais) ...

Privatization: No More a Dirty Word

In spite of the government’s undiminished privatization drive, opposition to the sell-off of State-owned ...

Crisis? What Crisis, Asks Brazil’s Auto Industry

The financial crisis hitting the world has lit a warning light for the Brazilian ...

Brazil’s Focus on Africa and Poor Nations Is Right Choice, Says Lula

In a speech at the launching of the Global Call for Action against Poverty, ...

34 Countries at Brazil’s Arab Summit. Only Half Sent Chief of State

The summit for South American and Arab countries only starts today in BrasÀ­lia, capital ...

Portugal Wants Large Telecom with Brazil to Promote Portuguese Language

Portugal's prime minister, José Sócrates, defended the creation of a large Portuguese and Brazilian ...