Retail sales saw a 9% year-over-year increase, CAME says

By on November 7, 2021 0

Retail sales of small and medium-sized enterprises (SMEs) at constant prices grew 2.5% in October in the monthly comparison, while compared to the same month of 2020, the increase was 9.1% , as reported today by the Argentine Confederation of Medium Enterprises (CAME).


Retail sales of small and medium-sized enterprises (SMEs) at constant prices grew 2.5% in October in the monthly comparison, while compared to the same month of 2020, the increase was 9.1% , as reported today by the Argentine Confederation of Medium Enterprises (CAME).

The detail of the entity ensured that “it was a good month for 57% of the companies consulted, and especially for those linked to Mother’s Day, even if not all of them sold as they wanted.

He also stressed that the projection for the rest of this calendar does not bring much certainty: ” We do not yet know very well what the trend will be for the end of the year, since October is generally a thermometer month, but this 2021 has not left a very true picture ”.

The SME retail sales index indicates that the monthly increase was driven by the Perfumery and Cosmetics (+ 10.3%), Footwear and Leather Goods (+ 7.6%) and Home appliances, electronics, computers, telephones sectors. laptops and accessories (+ 4.8%).

The good performance in October can be explained by the increases in eight of the 11 items surveyed.

Compared to the same month last year, the highest rates of change were recorded in toy and bookstore stores (+ 55.7%) and clothing and sporting and leisure items (+ 50.4% ).

Of the 11 items analyzed, six progressed, while five declined.

Read also: Rugby Super 8: CAPRI became champion after beating Cataratas 20-5

The largest drop was in Tires and parts for cars and motorcycles (-14.9%), CAME said.

Compared to the same period in 2019, sales decreased by 1.1%, with the largest decrease also in the Tires and spare parts for automobiles and motorcycles sector (-23.8%).

The survey contributes that sales accumulate an increase of 13.8% so far this year compared to the same months of 2020, although they remain 9.1% lower than the same period of 2019.

The union entity said the results were obtained on the average of the monthly and annual rates of change reported by 725 companies nationwide between November 1 and November 4.


Source link