Sales in retail SMEs registered a drop of 3.1% in November compared to the same period in 2021, according to a report prepared by the Argentine Confederation of Medium Enterprises (CAME).

In this way, sales add up to five consecutive months of decline, despite which the accumulated figure for the year reflects an increase of 1.4% compared to the same period in 2021.

“On balance sheet, November was not a good month. The businesses continued to feel the lower purchasing power of the consumer, generating some concern. The proximity of the end of the year brings a moderate expectation of growth in consumption, although diverging between the different items,” CAME said in a statement.

– During the eleventh month of the current year, the only item that grew in the annual comparison was Pharmacy and Perfumery, with a rise of 8.9%.

– In November, Food and Beverage sales fell 1.3% year-on-year.

-In the Bazaar, decoration, home textiles and furniture category, sales in November fell 2.7% annually and 1.9% in the monthly comparison.

-On the other hand, in Footwear and leather goods sales in November decreased 5.3% annual and increased 1.7% compared to October.

-Finally, in Textiles and clothing, sales fell 18.2% annually in November and rose 1.2% in the monthly comparison.