Consumption slows down and sales in shopping centers and supermarkets improve

Supermarket sales recorded their first monthly improvement in three monthsdue to promotions and salary recompositions in various areas.

In August they showed a slight increase 0.2% compared to Julymeasured at constant prices and in seasonally adjusted terms, the Institute of Statistics and Censuses (Indec).

However, remain below 2023 levelswith a drop of 10.1% compared to the same month of 2023, and they accumulate a retreat from 11.5% in the first eight months of 2204 compared to the same period last year.

This was demonstrated by the statistical organisation’s August supermarket survey a turnover of 1,667,462.1 million dollarswhich represents an increase 210.3% in the sector’s income compared to the same month of the previous year, but lower than the interannual inflation of 236% measured in August.

The article is grouped with the more substantial price increasesaccording to their interannual variation, they were “greengrocer and greengrocer“(255.4%), “oven“(253.3%), “dairy products“(246.8%) AND “cleaning and perfumery items“(242.2%), according to the investigation.

Compared to payment methods, guided credit cards (with the participation of 46.2%), followed by debit cards (27.3%), cash (17.4%) and others means of payment (9.1%), which include QR codes, gift cards, coupon boxes and other modes.

For his part, Self-service wholesale sales saw a larger monthly increasewith an increase of 2.2%. in August compared to July. However, as in the case of supers, they have not yet recovered from 2023: they suffered a fall of 15.1% compared to the same month of 2023 and the cumulative January-August presented a decline in 13.5% compared to the same period last year.

In the case of shopping centers, sales at current prices in shopping centers in August, respondents in the survey recorded a total of $ 447,626.6 millionwhich it represents an increase in 204.4% compared to the same month of the previous year. Meanwhile, total sales at constant prices showed a total of $6,877.7 milliona figure that is equivalent to an increase of 5.3% compared to the same month of 2023.

The improvement comes amid a rebound in the consumer confidence index which measures at a national level the Tella University: this month, increased by 8.8% compared to September, according to data collected between 2 and 15 October 2024. The decline was thus reversed 5.9% of the previous month.

Compared to the January plan there is a 19.15% Above. Therefore in the year-on-year comparison we find a 5.96%. According to the survey, the increase in October is mainly explained by the increase in income of low-income familieswhich he recorded an increase in 15.30% monthly e high-income familieswhich had an increase of 5.10%.