Las retail sales of SMEs continue in negative ground, although it should be noted that The fall moderated compared to recent months (-5.2% year-on-year in September, at constant prices), according to the usual survey carried out among its associates by the Argentine Confederation of Medium Enterprises (CAME).
The year-on-year data means a decrease in the fall percentages for the third consecutive month, since the 21.9% decline in Junewent to 17.7% in juliothen to 10.5% in Augustup to the current 5.2% in September. In saying that although the recessive situation continues, it seems to be slowly finding “the light at the end of the tunnel”, if the decrease in the percentage of fall is also maintained from October to the end of the year.
In the seasonally adjusted monthly comparison, he SME Retail Sales Index showed that the businesses showed a drop in consumption of 0.5% in September compared to the previous month, while in the first nine months of the year, consumption accumulated a decline of 15%.
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When analyzing the panorama surveyed, CAME expressed that “SME commerce once again had a month with little movement, there were even days with almost no movement of people”, although they highlighted that “price stability allowed us to plan very aggressive liquidations in some items such as footwear, clothing and home textiles, and long-term quotas contributed to the completion of operations in other branches such as appliances, electronics, computers and furniture.
Despite the promotions and financing options, “the final movement was lower than last year and also that of August, which in themselves were bad months,” indicated the union-business entity, specifying that “in the analysis by “In this category, the seven sectors evaluated once again had decreases compared to the same period in 2023.”
In this regard, the report reflected that the largest annual decline was detected in Perfumeries (-20.8%), followed by Bazaar, decoration, home textiles (-12.3%). While in the cumulative figure for the year, the biggest decline was also recorded by Perfumeries (-30.9%) and Pharmacies (-25.5%).
In this context, they indicated that among the stores surveyed “55.4% mentioned the lack of sales, which remains the main difficulty of the activity,” while “30.2% ranked the high production costs and logistics, 6.5% obstacles to accessing credit and 3.5% collection problems.
When mentioning initiatives that could alleviate the current situation, they detailed that among “the main policies that respondents would expect from the government, 29.2% referred to a reduction in national taxes,” while “the reduction of provincial taxes was accounted for 22.8% of the responses, and 15.1% pointed to the decrease in municipal rates.”
Below that topic, there appeared “the demand for measures that strengthen internal demand (13.1% of responses) and that incentives be generated for the hiring of personnel (5.9%).”
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The performance of each item
-Food and drinks
Sales decreased 2.7% year-on-year in September, at constant prices and accumulated a drop of 18.6% in the first nine months of the year compared to the same period in 2023. However, in the month-on-month comparison they grew 0.1%.
-Bazaar, decoration, home textiles and furniture:
Sales fell 12.3% in September, always at constant prices, and amounted to a reduction of 16% in the first nine months of the year compared to the same period in 2023. In the month-on-month comparison they fell 0.3%.
-Footwear and leather goods:
In the sector, a decrease of 6.8% year-on-year was recorded in September and a decline of 10.4% has accumulated in the first nine months compared to last year. In the inter-monthly contrast they fell 0.5%.
-Pharmacy:
There was a 3% decrease in September, which adds up to a 25.5% decline in the nine-month segment compared to last year. Meanwhile, in the month-on-month comparison it improved 0.1%.
-Perfumery:
Sales fell 20.8% year-on-year, at constant prices, with an accumulated decrease of 30.9%, compared to the same nine months of 2023. Compared to the month-on-month period, there was an increase of 3%.
-Hardware, electrical materials and construction materials:
In Hardware and Construction, sales decreased 4.5% in the month, and accumulated a drop of 16.1% until September, always compared to the same period in 2023. In the month-on-month comparison they rose 0.6%.
-Textile and clothing:
Sales decreased 5.4% year-on-year in September, at constant prices, but still accumulated an increase of 1.2% in the first nine months of the year, compared to the same period last year. In the month-on-month comparison they fell 3.2%.
HB
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2024-10-06 16:23:07