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1h ago

Small Retail Sales in Argentina Tumble 9.1% in November, CAME Says

CAME points to a dual consumption pattern driven by tight budgets and depleted consumer financing.

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Las ventas minoristas pymes cayeron en noviembre, según muestra la CAME
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. 

Overview

  • Sales fell 4.1% year over year in November on constant prices, with a seasonally adjusted 9.1% drop from October.
  • Six of seven categories declined, led by perfumery (-17%), bazaar/decor and home (-9.7%), and food and beverages (-5.9%), while pharmacies rose 1.8%.
  • The first 11 months of 2025 still show a 3.4% increase versus a year earlier, signaling earlier gains eroded late in the year.
  • Business sentiment softened as 54.2% reported stability and 37% reported deterioration, four percentage points worse than in October.
  • The investment climate remains weak with 60.1% calling conditions unfavorable, yet 48.6% expect improvement in 2026 and 43.7% foresee stability.