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4h ago

Argentina’s Small Retailers Log Fifth Straight Annual Drop as September Sales Fall 4.2%

CAME cites weaker real incomes, rising household debt and uncertainty weighing on demand as investment appetite fades among merchants.

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Las ventas no repuntaron en lo que va del año
Las ventas minoristas de las pymes registraron una caída del 4,2% interanual en septiembre.
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Overview

  • Seasonally adjusted sales fell 2% from August, marking the sixth consecutive monthly contraction in the CAME index.
  • All retail categories posted year‑on‑year declines, led by textiles and clothing at −10.9%, while perfumery rose 1.4% month on month and hardware held steady.
  • Merchant surveys show deteriorating conditions: 38% report being worse off than a year ago, 55% see no change, and 60.1% say it is not a good time to invest.
  • Regional data point to deeper strain, with Mar del Plata registering an 11.4% annual drop in September and 75% of retailers saying they are worse off than last year, according to UCIP/DESE.
  • Despite the recent slide, year‑to‑date sales remain up 5%, and analysts note that weak consumption has tempered exchange‑rate pass‑through to prices as INDEC prepares to release September CPI on Tuesday.