With the carnival, the sale of various branches of local trade is stimulated, especially those related to the traditional Barranquillera festival.
The expected increases this season in sales at gas stations, transport, drugstores, hairdressers, bars, restaurants and spirits, among others, vary between 14% and 75%.
The director of the National Federation of Merchants (Fenalco), Atlantic section, Yilda Castro, pointed out that Carnival is an event that has a great impact on the city’s economy. It is estimated that the celebration will bring in about $500 billion this year.
“The greatest turnover growth occurs in the sectors that are directly related to carnival. It should be taken into account that not only the local population participates in this event, there are also domestic and foreign visitors,” he explains.
He emphasized that there is also a branch that is moving in this season and that is Carnival clothes, shoes and accessories. Most of this supply is in the hands of micro-enterprises, small traders or informal traders.
The various shopping centers in the city have also opened spaces for these small fair sales.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
