Some levels of record consumption They are far from representing most Argentine families, since the economic program of Javier Milei It has both winners and losers. While the Property transactions In the city of Buenos Aires and Sales in the automotive sectorthere are items that show disparate signals such as Construction, and wholesale and retail supermarkets.
Winners and consumption losers
The Vestiges of macroeconomic stability They are sectors such as Automotor, Cement and Scriptures that grow strong, while at the other end the Supermarkets and wholesalers They continue without showing a recovery.
ADEFA He announced that in June they were sold wholesale 59,807 units, a 1.5% more than in May and a 85% above the same month last year. In the accumulated of the first semester, they were delivered 299,001 units to concessionaires (+84.6% year -on -year), while the local production reached 250,478 unitswith a rise from 15.6% compared to 2024.
In the construction There were positive signals, although the sector does not return to levels prior to the paralysis of public works. He cement consumption grew 0.8% monthly in June, according to Econviews; while the Construct index -What measures supplies for private work- advanced a 15.5% monthly.
He real estate market It was another of the catalysts, with the Scriptures in CABA growing a 36.1% interannual in June and a 2.7% Regarding May, according to the COLLEGE OF ESCRIBANOS. This data shows that, despite Mortgage credit restrictionsthe segment maintains its dynamics with operations in dollars.
On the other side of the balance, the Mass consumption Continue without taking off. According NIELSEN IQIn July, alcoholic beverages fell 0.6%, and although non -alcoholic had positive numbers, food considered basic fell 3.3%. In contrast, general foods grew 3.4%, showing a fragmented and substitution pattern.
In supermarkets, May data INDEC They marked a rise from 6.1% interannualbut a fall of 1.2% compared to April. In the Wholesale Self -Servicesthe same month was recorded from the 4.9% year -on -year and one slight monthly recovery of 0.7%. In Shoppings shopping centerssales advanced a 6.2% compared to the same month of 2024.
According to the Argentine Chamber of Commerce and Services (CAC)general consumption grew by 4% year -on -year in June and 2.9% monthly, but even with changes in the composition: More durable goods and less daily consumption. “Sustaining inflation at a low level and recomposing income will be the key for growth to continue”warned from the entity.
It should be remembered that, as the economist explained to this media Martín Carro “A car that costs $ 20 million, is worth much more than the consumption of a milk SACHET, can be consuming less sachet of milk, but two more cars and consumption will grow Because it is weighted precisely for its price. That is, weigh more expensive goods in total consumption than cheap goods. “
Backing or rearrangement?
The end of the “Simple quota” program -Vigent until June 30- led the private sector to launch new financing proposals. The Came He promoted his own plan for SMEs, with the aim of sustaining sales in a limited income context. The bet is clear: without credit and without purchasing power, consumption hardly rebounds.
In addition, companies ensure that, given the fall in demand, many decided to absorb part of the cost rise during July, to prevent the transfer at prices from further reduce sales. Consumption, even in an environment of descent inflation, remains limited by the reality of real wages, even almost a 25% below the 2017 level.
With an interannual inflation of 39.4% in June and a significant decline from the three digits of the summer, the government achieved a sign of stability. But the adjustment still feels on the street. While High and high middle class sectors dynamize durable goods with saved dollars or financinga good part of the population posts basic purchases or replaces them.
Source: Ambito
