Close

Brazil supermarket sales rise 1.16 percent through October, Abras says

November 30, 2016 9:22 AM EST

A customer looks at the prices at a supermarket in Rio de Janeiro, Brazil, May 6, 2016. REUTERS/Nacho Doce

SAO PAULO (Reuters) - Brazilian supermarket sales rose 1.16 percent this year through October, signaling consumers are spending more on food, according to a statement from industry group Abras on Wednesday.

The Abras national sales index compiles data from 2,800 outlets representing about 130 companies that account for 60 percent of supermarket sales in Brazil.

(Reporting by Gabriela Mello; Writing by Ana Mano; Editing by Chizu Nomiyama)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters