Argentina's retail trade increased by 23.2 percent year-on-year in August 2018, following an upwardly revised and identical 23.2 percent advance in the prior month. Sales rose at a faster pace for: clothing & footwear (24.9 percent vs 23.8 percent in July); food (23.3 percent vs 21.3 percent); recreation and culture (16.5 percent vs 3.3 percent), and furnishings, decoration and textiles for home (24.5 percent vs 13.9 percent). In contrast, sales advanced at a softer pace for electronics & appliances (3.4 percent vs 3.5 percent); toys (27.2 percent vs 41.4 percent), and sports accessories & clothing (32.5 percent vs 40.1 percent). In real terms, retail sales fell 2.6 percent, declining for the second straight month. Retail Sales YoY in Argentina averaged 21.52 percent from 1998 until 2018, 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 17.00 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 5.00 in 12 months time. In the long-term, the Argentina Retail Sales YoY is projected to trend around 15.00 percent in 2020, according to our econometric models.