Valentine’s Day: Retail sales volume is expected to reach R$2.59 billion, CNC highlights

According to the National Confederation of Commerce, clothing and footwear will generate more than R$1 billion

OR Saint Valentineon June 12, it will have a sales volume of R$ 2.59 billion, according to calculations by National Confederation of Trade in Goods, Services and Tourism (CNC). The estimate represents an increase of 5.6% compared to the same period last year.

The apparel, footwear and accessories sector is expected to generate R$1.08 billion, which is the majority (around 42%) of the projection made for the period.

Next appear household products and household appliances with R$ 727 million, corresponding to more than 28% of the expected financial movement. Sales of pharmacy, perfumery and cosmetic items are estimated at R$269 million, or more than 10% of the total.

The increase in sales on Valentine’s Day can be attributed to the favorable context of the credit market, favored by the lower level of the average commitment of the family income in three years (around 30%) and by the reduction in interest rates on credit transactions. credit.

In the last 12 months ending in March, credit has increased by 19%.

Regarding product prices, the CNC calculates an average increase of 3%. “Product prices for this date are expected to change much less than last year. In 2023, inflation for this basket of products was 8.4%,” said economist Fabio Bentes, in a video released by the CNC.

The offers that are expected to increase the most are books, alcoholic beverages and accommodation, with 12.2%, 10.8% and 8.2% respectively. Prices of phones (-9.6%), flowers (-3.6%) and travel packages (-3%) are expected to see the biggest reductions.

Autumn in Rio Grande do Sul

Because of the strong rainsOR Rio Grande do Sul a decline in sales of 33.7% is expected this year compared to 2023. The state’s financial turnover is expected to be only R$ 127.1 million.

The state with the highest sales forecast is St. Paulwith R$829.7 million. Minas Gerais AND Rio de Janeiro they are expected to generate R$252.2 million and R$221.2 million respectively.

Source: Terra

Ben

Ben Stock is a lifestyle journalist and author at Gossipify. He writes about topics such as health, wellness, travel, food and home decor. He provides practical advice and inspiration to improve well-being, keeps readers up to date with latest lifestyle news and trends, known for his engaging writing style, in-depth analysis and unique perspectives.