Retail sales in Brazil up 11.5%

13:01, August 12, 2010      

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Retail sales in Brazil were up 11.5 percent in the first half of 2010 compared to the same period last year, according to a report released on Wednesday by the Brazilian Institute of Geography and Statistics (IBGE).

According to the IBGE, the figures were the best for a first half of the year since 2004. In June, the sales volume was up one percent compared to May and 11.3 percent compared to the same period last year. In the July 2009 to June 2010 period, the retail sales were up 9.3 percent from the previous 12-month period.

The income originated from those retail sales was up 0.5 percent in June compared to May and 14 percent compared to the same period last year. In the first half of 2010, the sales income was up 14.7 percent from the same period in 2009, and in the July 2009 to June 2010 period, it was up 12.4 percent.

According to the IBGE, the increase in the retail sales can be mostly attributed to the supermarkets, food products and beverages sector, which registered a 10.4 percent rise in the sales volume in the first six months of the year.

The Institute pointed that the Brazilian population's purchase power increased in the period, which led to an increase in the consumption. In addition, food products prices remained mostly stable in the period, and the Brazilian government granted some fiscal stimuli which caused prices to fall in sectors such as construction supplies and household appliances.

Source:Xinhua

(Editor:黄蓓蓓)

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