A report from the Commercial Federation of Córdoba (Fedecom), together with its affiliated Chambers and Shopping Centers, showed the variation in retail sales as every month: In the month of April, for the 11th consecutive month, there was a drop in transactions. This time it was 3.8%, 0.5% more than in the previous month.
It is worth remembering that in April 2022, compared to April 2021, sales had already decreased by 1.3%. Furthermore, the former The survey for the month of March showed that sales had fallen by 3.5%, with a positive variation only in the category of Toys and bookstores. The rest of the sectors reported losses.
The president of the entity, Ezequiel Cerezo, maintained that “The constant rise in prices continues to be largely responsible for the drop in the purchasing power of families and therefore in the sales of merchants. The providers update the lists, in some cases, more than once a week”. To this he added: “Macroeconomic instability, the rise of the dollar and the lack of confidence greatly affect daily activity”.
The situation is aggravated by the impact of the drought in harvests, the poor results and the loss of millions in terms of products that can be marketed both within the country and for export. According to the detail of the Fedecom survey, the 11 items considered showed retractions in the interannual comparison with respect to the quantities sold. Also, there was a increase in purchases paid with cash (53%, against 46% registered in the previous month). The values are the following:
- • Food and beverages (-5.9%);
- • Sports and recreation articles (-4.3%);
- • Footwear and leather goods (-3.1%);
- • Home appliances and electronic items (-3.2%);
- • Pharmacy (-3.0%);
- • Hardware, electrical materials and construction materials (-4.2%);
- • Clothing (-2.8%);
- • Toy store and bookstores (-3.9%);
- • Furniture and decoration (-1.1%);
- • Tires and spare parts (-4.5%);
- • Perfumery and cosmetics (-1.6%).
The full report can be viewed by clicking here.