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Investment in Brazil 'benefits from consumer strength'

Date added: 25th June, 2010 at 09:37
(view all articles from June, 2010)

Categories: Economy

Investment in Brazil has started the year well, driven by spending, one organisation has said.

Asset Management firm Gartmore has reported that there has been a rise in consumerism in the country, driven by changing demographics and higher salaries.

With better credit conditions and the economy stable, low-middle income people are now able to spend more on such things as white goods and cars, the firm explained.

Indeed, the Instituto Brasileiro de Geografia e Estatistica recently reported that average monthly earnings in the nation had grown to R$1,424.10 (£534.19) in April, from R$1,392.65 at the same point last year.

This has seen strong domestic demand that Gartmore is seeking opportunities to profit from, rather than investing in commodities - which were previously the focus of speculation in the country.

To gain from Brazil's growth, the company is looking to companies with exposure to the expanding consumer sector and buying into areas where surges in profit have become prevalent.ADNFCR-1477-ID-19857702-ADNFCR

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