Snail growth in Brazil's 2014 retail sales anticipate a very tough 2015

Friday, February 13th 2015 - 09:13 UTC

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Retail sales in Brazil increased 2.2% in 2014 over the previous year, the smallest expansion in 11 years, the Brazilian Institute for Geography and Statistics, or IBGE, reported this week. The sector suffered its worst year since 2003 when sales tumbled 3.7%. In 2013, retail sales grew 4.3%. Read full article

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ChrisR
NO, NEVER, Brasso says everything is great in the second worst sinkhole in SA!

In fact it's so good Brazil are hoping to beat TDC to become the WORST sinkhole in the world.

They could do with sinking a few sinkholes in Sao Paulo state if they want to avoid a major fiasco due to NO WATER for the population to live on.
Feb 13th, 2015 - 05:06 pm - Link - Report abuse 0
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Jack Bauer
The fall in food sales “may be explained by the deceleration in growth of workers' income, which rose 1.4% in 2014 as opposed to 2.4% in 2013,” the agency said.
“This sector's performance was also influenced by consumer prices for food, which, in the past 12 months, increased 7.1%, above the official inflation rate of 6.4%”, the statement said.

That food sales have diminished is a bad sign...when people go hungry as a result of government incompetence and malfeasance, they usually start to look for someone to blame....well, they wont have to look far...Dilma and the PT are sitting ducks.
Funny thing this inflation index in Brazil...in 2014, prices in all segments, especially the ones controlled by government, increased well over those of 2013, yet the government came up with an inflation rate in 2014, smaller than that of 2013.... they are working 'miracles' again, just like they did in Petrobras.
Feb 15th, 2015 - 09:52 pm - Link - Report abuse 0
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