“Wholesalers also fall in their sales and large stores continue to be winners with a better performance in their sales”he pointed Damian DiPace, director of Focus Market. And he added that, in the accumulated of 2022, consumption still persists with positive rates in small self-service stores, while the rest of the formats show falls, accompanied by a greater number of visits (transactions).
According to the private report, so far in 2022, the Metropolitan area continues to drop in consumption at a double-digit rate, while in the Interior, it remains positive despite showing retraction in recent months.
Analyzing the situation of consumption by family of products, all fall back except “Beverages”.
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Meanwhile, “Food”, as well as “Personal Care”, are the ones with the greatest drop in consumption. While “Cleaning” presents negative variations of lesser magnitude in the accumulated 2022 against 2021.
The positive variation of “Beverages” is explained by “Non-Alcoholic”, which grew in consumption by 1.7%. On the contrary, “Alcoholic” beverages fell 4.2%.
Of a total of 120 product categories analysed, within those that presented strong advances in consumption in the last month, Isotonics, Soups, Energizers, Insecticides and Alfajores stood out, while Frizzants, Alcohols, Sugar, Color-Treatment and Powdered Soap mainly.
“In August, inflation slows down, but it is still on the podium of the three highest figures of the year. The flip side is a weakened pocket in your purchasing power and a level of credit card debt that is an oxygen tank with less capacity to cushion a breather towards the arrival of the beginning of the following month. The adjustment that was not seen in the public sector is seen in the private sector, especially in the middle classDi Pace analyzed.
In this sense, he highlighted: “The Massa plan appears in the economic universe as a magic wand plan, but nevertheless the distortions still exist with a political truce in the ruling coalition always latent of episodes of uncertainty, monetary emission with a stock of passes and leliq that promote a future issuance for the payment of interest that will not allow it to put a stop to inflation without a major adjustment of the public sector, a fiscal side even without a conclusive proof that it is not an express plan but a reliable plan in the medium term ” .
And he affirmed that the most worrying side of the fall in consumption is collection, where VAT grows below inflation.
“The fiscal reduction must be greater and the public sector does not take note. It adjusts more to the private sector generating even more drop in consumption”, concluded Di Pace.
Source: Ambito
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