Retail sales in Argentina jumped 59.1 percent year-on-year in October of 2019, after a 45.4 percent rise in the previous month. It was the largest gain in retail trade since February 2003, as sales accelerated for sports clothing & accessories (67.8 percent from 62.8 percent in September); clothing, footwear & leather goods (50.5 percent vs 43 percent); furnishings & household equipment (69.4 percent vs 43.6 percent); perfumery & pharmacy (69.4 percent vs 68.7 percent); electronics & appliances (66.3 percent vs 43.4 percent); food (55 percent vs 41.4 percent); toys (43 percent vs 25.2 percent)l; bookstore & stationery (47.9 percent vs 34 percent), and recreation & culture (104.5 percent vs 31 percent). On real terms, sales increased 5.2 percent, following a 3.8 percent fall in the prior month. It was the first climb in sixteen months. Retail Sales YoY in Argentina averaged 22.05 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. source: Instituto Nacional de Estadística y Censos (INDEC)
Retail Sales YoY in Argentina is expected to be 30.00 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 21.00 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.