Argentina's retail trade increased by 16.6 percent year-on-year in October 2018, following a 17.2 percent advance in the previous month. It is the lowest gain in retail sales since August 2017 and the fourth consecutive real-terms decline (-18.6 percent in October). Sales rose at a softer pace for: sports accessories & clothing (25.7 percent vs 29.3 percent); furnishings, decoration and textiles for home (14.7 percent vs 28.0percent) and toys (16.1 percent vs 32.0 percent). In addition, electronics & appliance sales declined a sharp 18.0 percent after falling 4.3 percent in the previous month. In contrast, clothing & footwear advanced at a faster rate of 22.5 percent, compared to 16.6 percent in September. Retail Sales YoY in Argentina averaged 21.48 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.