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Merchants lower the pace of sales and expectations, according to Fenalco

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Merchants lower the pace of sales and expectations, according to Fenalco

Both the volume sold and the expectations of the merchants slowed down in July, according to the monthly report of the Fenalco Log.

42% of entrepreneurs said that their sales volumes were higher than those of the same month of the previous year. In July 2021, this was the opinion of 65%.

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For their part, 35% of the entrepreneurs consulted reported stability in the merchandise sold, when a year ago that percentage was 23%.

Another 23% spoke of lower sales last July, when in the same month of 2021 it was 12%.

According to Fenalco, in the vehicle branch, the impact on the availability of immediate delivery has affected the market. For the fashion cluster it was a good month but not in the same growth train as the previous ones. Regarding immediate expectations, the union explained that they did not suffer setbacks compared to the June report, although it specifies that the survey was collected before the text of the Tax Reform was known.

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However, they fall when compared to July of last year. While this time the optimists reached 41%, in July of last year it was 57%. To its turn, pessimists went from 4% to 13%.

The stability of expectations was reviewed by 46% in July 2022, when in July of the previous year it was 39%. “In general, traders are aware that in the second half of the year the economy will face challenges of various kinds, the main one being high levels of inflation, along with signs of a slowdown and higher levels of interest rates,” he said. Fenalco.

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