Clipping of news on Brazilian Culture, Law and Citizenship
17/05/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Luxury Market Growth in Brazil
The luxury market in Brazil has been reaping good results, with excellent growth rates even during the global financial crisis. In 2011, the luxury market has grown 33%, while the global market grew by only 4%. The strengthening of the Real against the international currencies such as the dollar, and preferred class A in buy Brazilian products in this country has sustained significant growth.
In a study conducted by CIP (Central Standard Intelligence), was raised the profile of the Brazilian consumer luxury: most consumers are women (67%) under 35 (53%). 93% of buyers of luxury goods have more than 70% complete and would rather pay his trips abroad with credit card.
Source: UOL - Modern Consumer
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This article was translated by an automatic translation system, and was therefore not reviewed by people.