Retail sales fall in sixth month

by times news cr

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In June, retail sales decreased 0.5% compared to the previous month, according to figures adjusted by seasonality.

On an annual basis, they recorded a decrease of 2.8%, the biggest drop recorded since December 2020, After four consecutive months of increases.

The fall was driven by theThe lowest dynamism recorded in sales through internet, catalogs y television (-9.9%) and in self-service and department stores (-0.9%). However, this decrease was partially offset by the increase in sales of groceries, food, beverages, ice and tobacco. (2.7%) and vehicles and spare parts (0.6%), reviewed Valmex.

On an annual basis, the largest declines were seen in sales via the Internet, catalogues and television (-9.9%) and in self-service and department stores (-7.5%). Meanwhile, sales of groceries, food, beverages, ice and tobacco (4.4%) and vehicles and spare parts (2.2%) continued to show dynamism.

Victor Ceja, chief economist of Valmex, He explained that the decrease in sales in self-service stores, department stores and online shows moderation in consumer spending.

“Going forward, high levels of inflation and restrictive monetary policy could lead to lower dynamism… “A compensating factor will be the strength of the labor market.”

2024-08-24 17:34:49

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