Brazil supermarket sales rise 5 percent in November
Supermarket sales rose 1.51 percent in the first 11 months of the year compared to a year earlier in inflation-adjusted terms. In October, sales had increased 0.71 percent in annual terms, according to Abras data.
"The 11-month data was better than we predicted," Márcio Milan, an Abras executive, said in a statement.
He added Abras expects strong sales results for December, when consumers are expected to do the bulk of their Christmas shopping to take advantage of last-minute bargains.
Abras kept its 2016 sales growth forecast at 1 percent, but said the figure could be "slightly higher" depending on retailers' performance in the last month of the year. ■