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In June, the retail sales decreased 0.5% compared to the previous month, according to seasonally adjusted figures.
On an annual basis, they recorded a decrease of 2.8%, the largest drop recorded since December 2020, after four consecutive months of increases.
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The fall was driven by the lower dynamism recorded in sales through the Internet, catalogues and 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.
At an annual rate, the biggest falls were observed 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.
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Victor Cejaeconomist at Head of Valmexexplained that the decrease recorded in sales in self-service stores, department stores and through the Internet shows moderation in spending by consumers.
“Going forward, high inflation and tight monetary policy could lead to lower dynamism. However, a compensating factor for retail sales will be the strength of the labor market, high wages and the resumption of payments for social programs.”
MSA
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2024-08-25 12:14:37