SME sales fell in April and add up to a drop of 0.7% in the first four-month period

SME sales fell in April and add up to a drop of 0.7% in the first four-month period

This is how it emerges from the SME Retail Sales Index of the Argentine Confederation of Medium Enterprises (CAME), prepared based on a monthly survey among 1,228 retail businesses in the country.

The retail sales SMEs they fell 0.1% in April compared to the same month last year, measured at constant prices, and they continue with a consecutive negative streak for four months. With this result, they accumulate a retraction of 0.7% in the first four months of the year compared to the same period of 2022. In the monthly relationship, businesses sold 0.7% more than in March.

Thus it arises from SME Retail Sales Index of the Argentine Confederation of Medium Enterprises (CAME)prepared based on a monthly survey among 1,228 retail businesses in the country, carried out from May 2 to 5.

SME sales maintain downward trend

Although the decline is very smooth, 5 of the 7 items measured grew in the annual comparison and only 2 fell. He weighed in this modest result the branch of food and beverages, which fell 1.6% annually, and is the one that weighs the most in the indicator. On the other hand, sectors such as Pharmacies and Footwear rose 4.2% and 7% respectively.

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Likewise, the trade situation is still delicate. Costs rise daily and 55% of the companies consulted stated that they had difficulties in stocking up on merchandise in April. The most complicated businesses were perfumeries, hardware stores, construction materials, electrical and clothing.

Sales rose annually in 5 of the 7 items measured, with the largest increase in footwear (+7%) and the largest drop in clothing and textiles (-6.1%).

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Source: Ambito

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