By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – With economic indicators improving, the Brazilian business community is betting on positive end-of-year sales results. The Brazilian Retail Confidence Index (Icec), calculated by the National Confederation of Commerce of Goods, Services and Tourism (CNC), reached 109.3 points in November, an increase of 10.6 percent over the same period last year.
“The gradual improvement in economic activity, the slowdown in inflation and the reduction of interest and the cost of credit have benefited the purchasing power of families and have gradually boosted trade sales. In addition, there . . .