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Buenos Aires Consumption Cools in Q3 2025 as Wholesalers and Malls Fall and Supermarkets Barely Grow

City statistics point to a sharp channel split driven in part by a wholesale floor-space loss from a major September closure.

Overview

  • IDECBA reports real supermarket sales in CABA rose just 0.4% year over year in Q3, with January–September up 2.5%.
  • Wholesale sales fell 15.6% year over year in Q3, marking the steepest drop in a seven‑quarter slide and leaving the year‑to‑date down 8.9%.
  • A September shutdown of a wholesale outlet cut available sales area by 21.5%, contributing to the contraction in wholesale volumes.
  • Shopping‑center sales in the city declined 6.8% year over year in Q3, the weakest third‑quarter level outside the pandemic years, though January–September remained slightly positive at 1.5%.
  • INDEC’s October national mall data show nominal sales up 15.1% year over year but a 4.7% decline in real terms, underscoring price effects outweighing volume.