Trade slows down and business owners reduce their sales expectations to 34% for the current quarter

Trade slows down and business owners reduce their sales expectations to 34% for the current quarter

Businessmen reduced their sales expectations for the third quarter of the year, showed the activity report of the Chamber of Commerce and Services (CCySUy) which in turn reported a deceleration in the sector.

34% of entrepreneurs expect an increase in their sales level, which represents a certain deterioration compared to the previous period, when 43% of companies expected sales growth in the period under analysis, the report said.

This is compounded by a decrease in profitability expectations for this year, from 65 to 57 points, a deterioration that extends to next year, although with a milder drop, from 76 to 73 points.

36% of business owners surveyed by the Chamber of Commerce did not see their sales expectations met so far this year. 27% said their company’s performance was “below what they expected a year ago,” and 9% “well below what they expected.” Meanwhile, 51% considered that their company performed in line with expectations.

Commercial and service activity shows signs of slowdown

The trade and services sector registered growth for the second consecutive quarter, with a year-on-year variation of 2.4% in real sales during the second quarter of this year, reported the CCySUy.

Although the growth trend is maintained, it is slowing down mainly due to setbacks in some sectors that had shown progress during the first quarter, when growth was 4.1%.

Of the 17 sectors surveyed, 8 grew in sales volumes, while the remaining 9 fell. The largest declines occurred in sectors linked to tourismsomething to be expected considering the end of the summer season. Travel agencies had a fall of 7.6% and the hotels one of 7.4%. The segments of household appliances, personal care, bookstores and real estate also make up the list.

He diffusion indexwhich measures the number of companies that increased their sales, fell to 47% from 64% in the previous quarter. This figure means that while 4 out of 10 companies reported an increase in their sales, the remaining 6 experienced a decline or stagnation.

Source: Ambito

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