Retail sales in Argentina climbed 35.8 percent year-on-year in July of 2019, easing from a 44.7 percent rise in the previous month. Sales advanced at a slower pace for food (33.8 percent vs 52.6 percent in June); clothing, footwear & leather goods (36.7 percent vs 44.2 percent); sports clothing & accessories (45.4 percent from 52.4 percent); furnishings & household equipment (37.4 percent vs 59 percent); toys (13.5 percent vs 43.3 percent); bookstore & stationery (23.8 percent vs 57.1 percent); recreation & culture (32 percent vs 84.4 percent); and perfumery & pharmacy (60.6 percent vs 85.7 percent). In contrast, sales went up further for electronics & appliances (29.8 percent vs 11.7 percent). On real terms, sales plunged 9.8 percent, following a 6.1 percent decline in the previous month. Retail Sales YoY in Argentina averaged 21.73 percent from 1998 until 2019, reaching an all time high of 72.20 percent in January of 2003 and a record low of -40.30 percent in January of 2002.
Retail Sales YoY in Argentina is expected to be 15.00 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 18.00 in 12 months time. In the long-term, the Argentina Retail Sales YoY is projected to trend around 17.00 percent in 2020, according to our econometric models.