Tuesday, October 7, 2008

Trade in Sao Paulo grows 2.1% in August

The trade of Sao Paulo's metropolitan region has registered 2,1% of growth in sales last August, in comparison with the same month last year. This is the 29th consecutive increase of the index, which accumulates high of 4.8% this year compared with the same period of 2007 following the evaluation of Fecomercio-SP (Sao Paulo Trade Federation). In this assessing, the indices show that São Paulo is still worth the supply of credit and the recovery of income and employment, which stimulates consumption. The expectation, however, is that this framework undergoes changes in the medium term because of the influence of international crisis, considering the Fecomercio-SP.

The highest elevations are in the sector of clothing, fabrics and shoes, with high of 17%, registering the 25th consecutive months of discharge.

The segment of Stores Building Materials ranks second place in sales, with increases of 16.6% in August. Then the automobile sector, with a high of 14.3%. They also reported growth in August, on the same basis of comparison, the sectors of Furniture and Decoration Stores (6,3%), Pharmacy and Perfumeries (5,9%) and Appliances and Electronics Stores (2,4%).

Supermarkets already showed a decrease of 6,5%. According to Fecomercio-SP, the result had influence the increase in prices of commodities (raw materials) by seasonal factors. It also recorded negative performance of the Departments Stores (-8,7%) and the Stores Autoparts & Accessories (-28,5%).

Source: Agência Estado

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