It is that, according to the report of retail sales SMEs carried out by the entity, in November fell 3.1% in the interannual comparison, to accumulate five consecutive months with declining sales.
In this context, Damián Di Pace, director of the Focus Market consultancy, pointed out that “For these Holidays, an attempt is made to contain prices and expand demand through increases for the different pockets of Argentines”. “In principle, the Minimum Vital and Mobile Salary will be raised in the coming months, a reinforcement of retirement assets of $10,000 and a 40% increase in the Alimentar card and an end-of-year bonus will be paid. This occurs in a context where there is a deterioration in the purchasing power of income, ”he said.
moderate expectations
When analyzing how much both the end-of-year bonus and the Christmas bonus can help drive consumption, Sergio Chouza, director of the consulting firm Sarandí, pointed out: “The income policy has been moderate, almost austere. I think the bonus ends up being a little short. We are talking about a one-time bonus, which can drive Christmas purchases somewhat, especially food, but it will not be something that can have a permanent effect as it would have been a fixed sum”.
“As for the bonusfor the private and public registered workers who collect it, it will have an effect, but it could also be thought that it will be partially offset by the effect of debts, the weight of contributions on families, who are exhausted at this point in the year. I am skeptical that a very broad, very significant movement could come.”, pointed out the economist.
A sector of workers, on the other hand, would have a greater margin in the last month of the year. “There are some unions in particular that negotiated recompositions through bonuses or more generous parities, which can throw off the dynamics of consumption a little more. But I don’t see something that is exceptional, that can generate a boom, far from it. I see an ant consumption, drip, trying to take advantage of offers. I see everything very moderateChouza concluded.
Source: Ambito
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