Clipping of news on Brazilian Culture, Law and Citizenship
03/23/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
transparent image
Forecast is for a 2.5% decline in installment sales in 2015.
Estimate was released on Monday by CNDL and the SPC Brazil.
Sales volume installment in Easter week this year is expected to fall 2.5% compared to the same week last year, according to forecast the Credit Protection Service (SPC Brazil) and the National Confederation of Shopkeepers (CNDL) released on Monday (23).
If expectations are confirmed, reported shopkeepers, sales should show the first decline in six years. In previous years, the expansions were 2.55% (2014), 5.31% (2013), 4.84% (2012), 7.26% (2011) and 4.50% (2010).
The estimate refers to the index that is calculated based on consultations for credit sales in the seven days before the start of the Easter holiday, between Palm Sunday and Holy Saturday (2015, March 29 and April 4 ).
For the representatives of the Merchant movement, the negative performance reflects the low growth of the Brazilian economy and the continued downward trend in sales seen over 2014 other anniversaries of significant impact on retail, as Mother's Day, Children's Day and Christmas.
Economists SPC Brazil attribute the result to the worsening employment data, the lower growth in wages, high interest rates and mainly to rising inflation. "Inflation at a high level decreases consumer purchasing power and impact on sales performance", said the chief economist at SPC Brazil, Marcela Kawauti.
To Honorius Pinheiro, president of CNDL, Easter is an important day for trade and traditionally serves as a preview not only for Mother's Day, and for the performance of commercial activity throughout the year.
"Like all confidence indicators of business and consumer point out that 2015 will be a difficult period for retail, we should observe declines in credit sales on some holidays this year," said Pinheiro.
Source: G1
To access the G1 site, click here.
Our news are taken in full of our partner sites. For this reason, we can not change their content even in cases of typos. transparent image
This article was translated by an automatic translation system, and was therefore not reviewed by people.