translated from Spanish: In May, supermarket sales grew by 5.1%

During May, supermarket sales increased by 5.1% compared to the same month last year, with a sharp increase in the internet channel compared to twelve months ago due to social isolation measures by coronavirus, the National Institute of Statistics and Census (Indec) reported today.

In parallel, activity in large shopping centres continued to be virtually paralyzed in most of the country and in May they fell 95.6% compared to the same month last year. Total sales in supermarkets at directly concreted prices in stores amounted to $75,054 million during May. This amount accounted for 95.4% of total operations in large chains, with an increase of 50.5% compared to May 2019.

In the same vein, total sales at current prices by the online channel totaled $3,627 million, equivalent to 4.6% of the total. This mode of sale had a positive variation of 276.2% compared to the same month of the previous year, driven essentially by quarantine. In its report, the Indec stated that sales made in the sales hall are purchases made by consumers in person. In the meantime, purchases made through online channels were those that were made via web pages or by telephone.

More broadly, the Indec reported yesterday that wholesale and retail trade recorded a 20.9% decline in May, while economic activity as a whole fell back 20.6%. Earlier this month, Indec presented a qualitative survey on the situation of supermarkets and wholesale retailers last June. Based on the results of that survey, 60.5% of supermarkets reported that their sales declined in June, while 42.9% of the self-service wholesalers surveyed responded that their sales did not change during the same period.
This survey was conducted by email and was addressed to general managers, sales managers, finance managers or other similar hierarchical position in 38 supermarkets, 14 wholesalers and 10 managers from 29 shopping centers. The report also found that, with regard to employment, 86.8% of supermarkets considered that the number of people employed for July would remain stable, while in the case of wholesale self-service, 78.6% did not expect variations. On the other hand, inflation expectations for July grew among supermarket and wholesale owners. While in May 62.5% of supermarkets relieved that they expected average sales prices to rise the following month, that percentage rose in June to 76.3%.

On the side of large shopping centers, Indec stated that total sales at current prices in May totaled $846.9 million, falling 93.1% from the same month 2019.
The deseasonalized measurement indicated that total sales at constant prices totaled $279.5 million, representing a 95.6% decline over May of the previous year. By region, in the 24 games of Greater Buenos Aires, total sales at current prices were $111.2 million, with a drop of 97.1% compared to the same month in 2019.
For its part, the Pampeana Region reached total sales at current prices of $153.2 million, 94.2% less than twelve months ago. In the Cuyo region, meanwhile, sales reached $153.9 million, with a decrease of 82.4% year-on-year. Finally, in the North Region and the Patagonia Region the shopping statements operations of $300 million and 25 million, with a year-on-year percentage decrease of 53.3% and 94.9%, respectively.
In this note:

Original source in Spanish

Related Posts

Add Comment