According to a report by consultant firm Scentia, supermarket spending plunged 7.3% year-on-year. The problem is seen in all types of sales: from wholesale vendors and self-service chains to pharmacies. According to a study by the Universidad Torcuato di Tella, government trust has fallen 4.4%. While sales in supermarkets are down 7.3% YoY, wholesale outlets and drugstore chains register a 10% and a 20.2% drop, respectively. The Universidad Torcuato di Tella published its monthly Government Trust Index (ICG, for its Spanish initials), which showed a 4.4% drop in April.

Source: Bueno Aires Herald May 02, 2024 21:25 UTC