The cumulative decline in wholesale supermarkets was 12.6% in the first six months of the year compared to the same period in 2023. This was the largest drop in the last 5 years, according to UNDAV.
He consumption in retail and wholesale supermarkets plummeted in June to 14.6% year-on-yeardue to the adjustment policies of the National Government, according to the information provided by the National University of Avellaneda (UNDAV).
In wholesalers the fall was 12.6% in the first six months of the year compared to the same period in 2023, it was the largest drop in the last 5 years.
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According to UNDAV, the drop in wholesale sales will result in lower retail sales in the coming months.
Consumption in crisis: retail sales recorded their worst June
The retail sales fell 11.6% year-on-year in the first half of the year and suffered a bigger drop than the one experienced during the pandemic period.
“In June 2024, supermarkets had the lowest sales in recent years. It is the worst June in the entire series,” UNDAV stressed.
Changes in payment methods
Likewise, the drop in income is reflected in the modification of payment methods by people. In the last year, the number of people who payments via credit cardswhich went from accounting for 36.5% of all payment methods in 2023 to accounting for 43.7% in 2024. Also, purchases made using cash or debit cards decreased.
Source: Ambito
