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Brazilian Economic Scenario and Investment Opportunities

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Consumer market<br />

Sales in commerce growth (% on 12 months accumulated)<br />

Basic index (PMC)<br />

Amplified index*<br />

‣ Pushed by income <strong>and</strong> employment growth, <strong>Brazilian</strong><br />

population has kept high rate growth in consumption,<br />

which stimulate production Sustainable Growth<br />

Source: IBGE / Ministry of Finance<br />

*includes vehicles <strong>and</strong> motorcycles <strong>and</strong> its parts; <strong>and</strong> construnction material

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