Retail Sales in Argentina

Argentina Retail Sales | Economic News & Forecasts

Argentina - Retail Sales

The coronavirus pandemic has hit the country in difficult times. Economic activity shriveled in the first two months of this year after plummeting domestic demand crippled the economy in 2019. Since then, Covid-19 fallout and the lockdown caused industrial activity and exports to plunge in March, while consumer confidence fell deeper into pessimistic territory in March-April. Meanwhile, the debt renegotiation saga continues: After three major creditor groups rejected the initial proposal to restructure over USD 65 billion debt, the government extended negotiations until 22 May, the same day a grace period expires for a USD 503 million debt repayment the government suspended in April. Given the need for the government to meet a minimum participation threshold necessary for a comprehensive restructuring, the outlook for striking a deal looks grim.

Argentina - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)27.3  26.0  20.8  28.5  45.4  

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Argentina Retail Sales Chart

Argentina Retail
Note: Annual variation of retail sales in %.
Source: National Statistical Institute (INDEC) and FocusEconomics calculations.

Argentina Facts

Value Change Date
Bond Yield6.690.15 %Dec 17
Exchange Rate59.880.45 %Dec 30

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