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SME Retail Sales in Argentina Fall 4.2% in September, Fifth Straight Annual Decline

CAME says weaker real incomes and higher household debt are suppressing demand as a six‑month run of monthly declines keeps most small retailers on the sidelines of investment.

Overview

  • In seasonally adjusted terms, sales fell 2% from August, marking the sixth consecutive monthly drop in CAME’s index.
  • All categories posted year-over-year declines, led by textiles and apparel (-10.9%) and home goods and décor (-6.2%), while perfumery rose 1.4% month to month and hardware held flat.
  • Despite the recent slump, cumulative sales for January–September remain 5% higher than a year earlier, reflecting strong gains early in 2025.
  • CAME attributes the pullback to eroding purchasing power, household indebtedness, costlier financing and economic and political uncertainty, with 60.1% saying it is not a good time to invest.
  • Local data from Mar del Plata show a steeper 11.4% drop in September sales, with 75% of merchants reporting worse conditions than a year ago and low online adoption reported by UCIP.