Retail sales of small and medium-sized enterprises continued to decline in July: -1.7% month-on-month and -15.7% year-on-year

As usual, the number appears on the first day of each month Argentine Confederation of Medium Enterprises (CAME) related SME retail sales July data continued to show losses, down 15.7% year-on-year in constant prices, while compared with June, the decline was -1.7%.

In the study, SME Retail Sales Index Data showed that corporate consumption fell 1.6% month-on-month in July, bringing the total decline in the first seven months of this year to 17%.

“SMEs are struggling to stay afloat in a very complex economic and financial environment”they assured the union entities of this situation and said that companies and businesses are asking for tax cuts in an effort.

from arrive They explain that “the main problem of retail companies in July was insufficient sales” and that this was followed by “high production costs and companies claiming that a reduction in national, provincial and municipal taxes was needed to restore profitability in the sector.”

CAME said there was a “technical rebound but no sustained recovery trend was evident”

When the trade union business entity asked Javier Mire’s government what it could do in the short term to help small and medium-sized enterprises, 51% mentioned Tax cuts15.5% said they should Lower municipal rates Another 13.1% pointed out Stimulating domestic demand.

Regarding the challenges faced by the industry this year, arrive It stated that “34.3% of respondents had to reduce operating expenses in the past six months, another 31.8% had to diversify their products, and 10.5% had to reduce working hours.”

“at the moment, The financing plan has brought some life to the market, but it is small because people are less willing to take on debt.especially if the instalments carry interest, even if it is small,” they added.

From the seven items analyzed, All year-on-year decrease Specifically, the largest annual decline was in the perfumery industry (-32.6%), followed by pharmacy (-26.4%).

Item by Item Performance

talk food and drinksIn constant prices, sales in July fell by 20.9% year-on-year, so the cumulative decline in the first seven months of this year is 21.7% compared with the same period in 2023. In terms of month-on-month comparison, the decline is 2.5%.

exist Market, decoration, home textiles, furnituresales fell by 16.1% at constant prices, so year to date they are down 17.5% compared to the same period in 2023. At the same time, the month-on-month comparison is down 0.4%.

for Footwear and leather goods In constant price terms, the year-on-year decline in July was 8.8%, and the cumulative year-on-year decline so far this year was 11.6%. The month-on-month decline was 0.9%.

exist pharmacy Sales in July fell 26.4% year-on-year, so the first seven months of 2024 are down 29.2% compared to the same period in 2023. On a month-on-month basis, sales fell 2.8%.

spicesIn terms of comparable prices, the year-on-year decrease was 32.6%, and the cumulative year-on-year decrease in the first seven months of this year was 32.5%. Based on the monthly measurement, the decrease was 2.4%.

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exist Hardware, electrical materials, building materials Sales in July fell 11.1%, and in the first seven months of this year, they fell 19.1%. From a month-on-month perspective, they increased by 1%.

for Textile and Apparel In constant price terms, sales in July fell 3.8% year-on-year. However, compared with the same period in 2023, the project has accumulated an increase of 3.7% in the first seven months of this year, although it fell 2.6% month-on-month.

As.