Retail sales of SME stores ended May with a year-on-year drop of four, Eight%, measures at constant prices, and accumulated a decline of 2.5% in the first five months of the year , reported today the Argentine Confederation of Medium Enterprise (CAME).
"It was a month of a lot of economic tension and that detracted from the consumption, especially in the first fortnight, where the rise of the dollar disconcerted the public," CAME said in its latest monthly report.
"To that the real problems of income were added, where the loss in the purchasing power was noticed", they added. However, the document indicates that, compared to April, SME sales "rose by four%, which is explained by the seasonality of the month".
In May, only 25, Eight% of the businesses consulted had annual increases in their sales (April 32, Eight%); On the other hand, 62.5% had negative variations and 11.6% remained unchanged.
For the entity, May was a month of low profitability and high interest rates , where businesses "had to assume increases in rates, rents, merchandise with increase, and costs in fashioned".
Among the items that fell the most in the five months of 2018, are White Textile, with a four, 1% drop, followed by Textile Clothing and Leather Goods, with a three, 9% decrease in sales. In year-on-year terms, among the items with the lowest sales were Golosinas (-Eight, 5%), Jewelery and watches (-7.7%), Footwear (-6.6%), Clothing (-6.5%) ) and Construction materials (-5.7%).
"Less optimistic businessmen were noticed this month than in April, only 45% of the businesses consulted expect sales to recover in the coming months (50.5% in April)," CAME concluded.