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1h ago

Argentina SME Retail Sales Drop 9.1% in November, Down 4.1% Year Over Year

Exhausted credit limits are pushing shoppers to prioritize essentials over discretionary goods.

El rubro Perfumería tuvo la mayor caída del mes, con una contracción del 17% interanual y del 14,6% mensual; el descenso respondió al impacto de la inflación y a la estacionalidad negativa tras el pico del Día de la Madre
El informe detalla un desacople entre la coyuntura  y las expectativas. 
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Overview

  • CAME reported seasonally adjusted sales fell 9.1% from October and 4.1% versus a year earlier at constant prices.
  • For January through November, sales are still 3.4% higher than the same period a year ago.
  • Six of seven categories contracted, led by Perfumes (-17%), Homeware and décor (-9.7%), and Food and beverages (-5.9%), while Pharmacies rose 1.8% year over year.
  • Business sentiment weakened as 37% of merchants reported deterioration, up four points from October, while 54.2% saw conditions as stable.
  • CAME describes a dual consumption pattern and heightened caution on investment, with 60.1% viewing the investment climate as unfavorable even as many expect an improvement in 2026.