Supermarket and wholesale sales fell by up to 13.3% in May

Supermarket and wholesale sales fell by up to 13.3% in May

In the first five months of the year, supermarket sales fell by 12.4% and wholesale sales by 12.2%. However, the seasonally adjusted variation increased by more than 1%.

Reuters

The supermarket sales fell a 9.7%, Meanwhile he consumption in wholesalers sank down 13.3% in Mayas reported by the National Institute of Statistics and Census (INDEC). In the first five months of the year, it yielded 12.4% and 12.2%, respectively.

However, in the seasonally adjusted monthly variationboth sales in supermarkets as wholesalers uploaded: 3.9% and 1.7%, respectively.

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In May 2024, Supermarket sales made in cash represented the 17.2% of total sales. On the other hand, those made by debit card were 30.1%those subscribed with credit card represented the 44.1%. Finally, those carried out by means of other means of payment represented the 8.6% of the total, but showed a growth of 484.5% Respect to the same month of previously year.

In wholesale self-service stores, the sales made in cash represents 25.1%while the made by debit card total the 23.6% and those paid with credit card were located in the 28.1%the latter were the ones that rose the most (+356.6%). Finally, those made through other means of payment represented the 23.2% of the total.

Shopping mall sales fell by more than 12%

Total sales in shopping malls during May 2024 reached a total of 5,859.5 million pesos, which represents a drop of 12.7% Respect to the same month of previously year.

Source: Ambito

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