Retail sales fell 0.3%m/m (+4.0% y/y) in a challenging backdrop mainly due to inflation, and despite better fundamentals
Sector dynamics were mostly negative, highlighting -1.7% in supermarket and departmental and -1.4% in food and beverages
We believe this setback can be easily erased in upcoming months given the strength in consumption fundamentals
You can read this report by subscribing to a Starter or Pro plan today.
Already have an account? Log in
This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.