Caen sales in shopping Consumption Index Under the consultant, the malls in February suffered its third straight drop in quantities sold. February data showed sales INDEC in shopping stopped growing: in numbers, the growth was only 0.3%. While variations from December were below the two digits (9.7% in December and 2.5% in January), the agency eventually acknowledged the downturn in the sector. Actual sales calculated using the price index abeceb.com result in a fall of 5.6%, the third in a row since December, at a rate that has been slowing steadily since August. In December, there was a fall of just 0.1%, but by January, it was 4%.
The high elasticity of the products sold in shopping centers coupled with the low possibility of changing the composition of demand in the same place these results in the context of current crisis. For March is expected to continue this trend contractionary. According to data published by the Confederacion Argentina de la Mediana Empresa (CAME), the units sold in retail stores fell 14.8% over March 2008. With respect to the various items sold in shopping centers, there were steep falls. For example, sales of textiles and clothing fell by 22.4%, the footwear, 22.7%, the bazaars and gifts, 12.6%, and sporting goods, 11.6%.
Meanwhile, for CAME retail sales fell steadily since March last year (except August). Moreover, supermarkets were not harmed and yet so strongly felt the recession. While the INDEC for February published a rise of 18.6% in actual sales, abeceb.com estimated that it was 4.4%. While this value is low, is twice the growth seen last December. However, supermarkets are facing a scenario that is somewhat encouraging that the shopping centers due to the low elasticity of demand faced. Surely find a change in the composition of demand from consumers who purchase premium brands went to buy cheaper brands but it is more inevitable fall of the quantities demanded.