Retail sales in SMEs registered a decrease of 2.8% in May compared to the same period last yearmeasured at constant prices, according to a survey carried out by the Confederation of Medium Enterprises (CAME).

In this way, the May comparison showed the fifth consecutive drop in the year-on-year measurement, and it was the biggest drop so far in 2023. With this result, accumulated a decline of 1.7% in the first five months of the year.

“The commercial sector has been feeling more and more the loss of purchasing power of families in the hands of inflation. From all the businesses surveyed, they stated that they received products with significant price increases. In addition, 56% of businesses had problems replenishing stock because suppliers delayed deliveries or directly canceled them”CAME said in a statement.

The CAME report was prepared based on a monthly survey between 1,207 retail stores in the country. Of the 7 items measured, 6 fell in the annual comparison and only one grew: pharmacies, which marked an improvement of 6.4%.

On the contrary, among the branches that marked falls, the one with the greatest retraction was Clothing and textiles (-8.2%). In food and beverages, retail sales in SMEs decreased 4.2% in May compared to the same period in 2022, when measured at real prices.

Source: Confederation of Medium Enterprises (CAME)