Facts from IBGE (Instituto Brasileiro de Geografia e Estatística). Domestic sales increased by double digits in 2010. The highest increase since 2001. Total salesincreased by 10,9%. Sale of household appliances grew 18,9%. Informational technology and communications 24,1%.
The growth were flat for december. And the moving average were 0,28% for the last quarter.
Difficult to know if this a new trend for weaker growth in 2011.
Brazil do have high interest rates – however it is more common than not to buy products in installments. Growth in sales can therefore get inflated.
Rio de Janeiro links: