Mass consumption does not seem to accompany improvements in other variables such as economic activity or credit.
Mass consumption does not seem to accompany the improvements in other variables such as economic activity or credit. In supermarkets sales fell 0.3% monthly in December, while In wholesale services, 13.2%collapsed.
This was reported by Indec this Wednesday. As for supermarkets, sales dynamics shows that, After touching an apartment in April 2024, a stagnation is perceived; Indeed, the data of the December desstationalized series is slightly lower than May.
While in interannual terms the contraction was 3.3%, The collapse accumulated during the past year amounted to 11%.
In the food segment, in December, annual real increases in dairy sales, bakery and greengrocer were highlighted. On the contrary, Products with a lot of incidence such as warehouse items, drinks and meats, threw falls.
As for means of paymentthose characterized as “others” (which includes, for example, payments with QR code) were the only ones that showed an interannual advance. Purchases with credit cards almost related to inflation, while debit cards and cash presented low casualties.
In wholesalers, consumption scored a greater fall in two and a half years
Meanwhile, in the wholesalers the Sales collapse was the deepest since August 2022. In annual terms, December negative variation was 14.5%, while the accumulated 2024 showed a percentage of 15%.
The trend in terms of payment was similar to that verified in supermarkets. As for the products, In all food there were real falls compared to December 2023.
Source: Ambito
