sharp drop in sales in shopping centers and supermarkets – Cba24n

With the main effects of the devaluation on the surface, in September shopping centers and supermarkets have suffered their consequences in the autonomous city and the province of Buenos Aires.

This is clear from the data provided on Monday by the National Institute of Statistics and Census (INDEC), with figures that locate the sales floor, mainly in large commercial areas.

In annual format, they were sold in quantity just over fifteen percent less than in September 2017 in their products. Despite the sharp decline, in 2018, the numbers continue to be positive: 3.1%.

In the supermarkets surveyed, the impact was not minor either, in a context in which the impact on prices became more acute and wages were relegated.

In this case, the drop was almost eight percent, which is the worst negative mark of the last three years. In the first three quarters measured, the data compared are almost identical to last year.

Supermarket sales, measured in quantities, fell 7.9% in September compared with the same month last year, which represents the worst drop in the era. In nine months, the year-on-year decline is 0.2%, the Indec report announced yesterday. At the same time, the decline in sales in shopping centers was 15.1% compared to the same period in 2017, although the accumulation has further increased by 3.1%. The sharp deterioration in sales in real terms, both in mbad consumption and in shopping centers, is due to the lag in income relative to inflation. The decline in sales continued in October and up to now in November.