Overview
- CAME reported a 1.4% year-on-year decline in October small-retail sales with a 2.8% seasonally adjusted rise from September driven by promotions and Mother’s Day.
- Fedecom measured an 8.2% annual drop in October sales for Córdoba’s small retailers, with steep falls in furniture, clothing and appliances and a slight gain in tires and parts.
- Córdoba’s Economy Ministry is tracking potential pressure on Gross Turnover Tax receipts, with definitive October revenue figures expected after November 15.
- Official data show September’s provincial revenue was supported by a 12% rise in financial services activity even as retail performance softened.
- Retail surveys cite higher operating costs, weak profitability and scarce credit, with most firms cautious on investment and many reporting sales at or below last year’s levels.