65% of retailers report decrease in sales in August, despite economic recovery efforts

The most recent economic log of the National Trade Federation (Fenalco) revealed that retail sales continued in a negative trend. Only 14% of the businesses in the sector reported an increase in the volume of their sales, whilst 65% reported a decrease. The drop in sales is due to the reduction in household income, the lack of the traditional mid-year school season and the higher cost of consumer credit.

Source: RCN Radio