Argentina's retail trade increased 28.4 percent year-on-year in May 2019, following a 21.2 percent rise in the previous month. Sales rose further bookstore & stationery (41.6 percent vs 32.6 percent in April); furnishings, decoration & textiles for home (36.4 percent vs 20.2 percent); perfumery & pharmacy (77.4 percent vs 70.2 percent); sports accessories & clothing (53.7 percent vs 44.5 percent); and footwear & leather goods (37.1 percent vs 25.4 percent). In contrast, sales of toys advanced 15.1 percent, easing from a 16.7 percent gain April. On real terms, retail sales plunged 18.7 percent, after declining 22.9 percent in the prior month. Retail Sales YoY in Argentina averaged 21.58 percent from 1998 until 2019, reaching an all time high of 72.20 percent in January of 2003 and a record low of -40.30 percent in January of 2002.
Retail Sales YoY in Argentina is expected to be 15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Argentina to stand at 18.00 in 12 months time. In the long-term, the Argentina Retail Sales YoY is projected to trend around 17.00 percent in 2020, according to our econometric models.