Sales in the CDMX continue below 2019: Canaco

Although in the third quarter of 2021, the businesses of Mexico City achieved a greater economic spillover compared to last year, sales below the 2019 records, so the prepandemic levels have not yet been reached, reported the Chamber of Commerce , Services and Tourism (Canaco) local.

Based on an investigation, which consisted of conducting a survey among businessmen in the sector, the president of Canaco, Nathan Poplawsky Berry, said that from July to September of this year an economic spill was generated for the industry for 146,388 million pesos, which translates into 26.6% less than in the same quarter of 2019.

Despite this panorama, he highlighted that sales in the third quarter of 2021 also represented an increase of 57.6% compared to those generated in the same period of 2020,

Regarding the factors that generated this annual increase, he explained that they highlight the advance in vaccination over 18 years of age, the decrease in restrictions on schedules for shops and services, as well as the authorization to increase the influx of capacity.

The business leader also reported that the research carried out projects that for the fourth quarter of this year (with festivities such as Day of the Dead and Christmas, added to the Good End), sales of 223.4 billion pesos will be generated. “An increase of 50.1% compared to the same quarter of 2020, but 21.1% below the sales of the same period of 2019.”

Last week, the Secretary of Economic Development (Sedeco), Fadlala Akabani Hneide, announced that for the Day of the Dead an economic spill of 4.826 million pesos is projected, mainly due to tourist, gastronomic, agricultural and related businesses.

He specified that this amount is made up of sales from the placement of offerings in homes, which would amount to 2,385 million pesos, as well as 1,096 million for seasonal consumables.

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