Massive consumption continues in free fall and shows no signs of recovery



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29-06-2018
It recorded a year-on-year decline of 0.5% in the first five months according to Kantar. "It's not encouraging to think about the news of the second half," they said.
The consumption basket remained stable for May last, but decreased by 0.5% in the first ] five months from 2018 according to a report from the consulting firm Kantar Worldpanel published this Friday.
"That the basket of mbad consumption is stable in the first few months of the year compared to the previous year is not encouraging the news thinking of the second semester ", said Kantar's commercial director, Federico Filipponi.

The executive also noted that "consumption had floor in 2017 precisely in the first half that means we are now at same level as 39, at which time and to continue in this way, we shall see a fall in the second part of 2018. "

"To understand in detail the impact of financial turbulence on mbad consumption, we should expect consumer data from June and June ," said Filipponi .
He also explained that "in terms of social strata, we can visualize that households of lower resources – lower and lower – felt the most over the last three months "and added:" The improvements of the 2017 closure have been liquefied and returned to same level of floor consumption this year ".
According to the report, the acceleration of inflation over the last few months with the real wage loss and the prices of 19459007 which have variation year-to-year a 17 % at the end of 2017, at one of 21 % last May- "are the motives of fall of mbad consumption in households of lower resources ".
"With an income that yields less low-income households limit their visits to supply centers, stop making large purchases which involve larger disbursements in wholesalers or hypermarkets. returned to the self-service district which allows them to better control their expenditures and to disburse a lesser amount of money for each deed. purchase, "concluded Filipponi.

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