Retail sales in Argentina slumped 73 percent over a year earlier in July of 2020, following an 82.2 percent plunge in the previous month. It was the fifth consecutive drop in retail trade, amid lockdowns due to the coronavirus pandemic. Biggest declines were seen entertainment (-100 percent); food (-82.6 percent); toys (-78.8 percent); clothing and footwear (-75.5 percent); bookstore and stationery (-73.8 percent); and electronic equipment and computers (-69 percent).
Retail Sales YoY in Argentina averaged 20.77 percent from 1998 until 2020, reaching an all time high of 72.80 percent in February of 2020 and a record low of -96.90 percent in April of 2020. This page provides the latest reported value for - Argentina Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Argentina Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Instituto Nacional de Estadística y Censos (INDEC)
Retail Sales YoY in Argentina is expected to be -45.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Argentina to stand at 20.00 in 12 months time. In the long-term, the Argentina Retail Sales YoY is projected to trend around 17.00 percent in 2021 and 13.00 percent in 2022, according to our econometric models.