Retail sales at current prices in Argentina plunged 32.9 percent year-on-year in March 2020, after jumping a downwardly revised a 72.4 percent in February. It was the largest decline in retail trade since January 2002, amid business closures and lockdowns due to the coronavirus pandemic. Biggest declines were seen in entertainment (-54.4 percent); clothing & footwear (-37.7 percent); toys (-36.7 percent); and electronic equipment & computers (-34 percent). In contrast, sales of perfumery & pharmacy rose 0.8 percent. In real terms, retail sales plummeted 56.6 percent, following a 10.9 percent rise in February.
Retail Sales YoY in Argentina averaged 22.37 percent from 1998 until 2020, reaching an all time high of 72.70 percent in February of 2020 and a record low of -40.30 percent in January of 2002. This page provides the latest reported value for - Argentina Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Retail Sales YoY in Argentina is expected to be 18.00 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 15.00 in 12 months time. In the long-term, the Argentina Retail Sales YoY is projected to trend around 17.00 percent in 2021, according to our econometric models.