The President shared on his social networks a report from the Argentine Chamber of Medium Enterprises (CAME) that indicated a 2.9% year-on-year increase in sales by SMEs.
The president Javier Milei celebrated the 2.9% year-on-year increase in sales of small and medium-sized companies and marked the end of the recession. The president shared on his social networks a report from the Argentine Chamber of Medium Enterprises (CAME) that revealed these numbers and reposted publications that celebrated this improvement.
“The recession is over,” said the president of the Chamber of Deputies, Martín Menem, and added: “Good Sunday to those who tried for decades to make us believe that printing money to increase spending improves the economy. Here the evolution of retail sales. The evidence is not forgiving.”
This publication was shared on its profile by Milei, as was a tweet from a user who highlighted: “SME retail sales rose 2.9% year-on-year in October, at constant prices, and accumulated a drop of 13.2% in the “In the first ten months of the year, they grew 7.4% in the seasonally adjusted monthly comparison.”
Felipe Nuñez, director of BICE and member of the team of the Minister of Economy, Luis Caputo, spoke in the same sense and remarked: “It is the stabilization plan with its 3 anchors: fiscal, monetary and exchange rate; which allowed activity to recover and be above last year’s levels in less than 1 year. All this, in an orderly and consistent long-term macro context.” Milei also reposted this post.
The data was also celebrated by the economist Antonio Aracrewho considered that “the story of stagnant and stagnant consumption is over.” “It’s not magic, it’s economic consistency and political conviction“said the former advisor to the presidency of Alberto Fernández.
CAME assured that year-on-year retail sales rose
The CAME indicated that “retail sales SMEs rose 2.9% year-on-year in October, at constant prices, and accumulate a 13.2% drop in the first ten months of the year. In the seasonally adjusted monthly comparison, they grew 7.4%.”
However, CAME warned that 51% of entrepreneurs “continue to state that the main obstacle faced by SMEs is the lack of sales”, in addition to the lack of credit and logistics problems, among others.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
