In December 2024, Argentinian retail sales increased by 121.5% year-on-year, down from 134.8% in November, due to easing inflation effects. Electronics sales rose by 169.3%, while other sectors like leisure, food, and clothing exhibited slower growth. Adjusted for constant prices, sales rose 16.9%, significantly improving from the previous month’s 3.8% growth.
In December 2024, Argentinian retail sales grew 121.5% year-on-year at current prices, showing a decrease from November’s 134.8% rise. This slowdown is attributed to the ongoing but gradually decreasing inflation that is affecting consumer spending power. Key sectors that experienced notable sales increases include electronics and computers, which surged by 169.3%, up from 132.2% in the previous month.
Conversely, other retail categories recorded slower growth rates in December compared to November. Leisure and recreation sales rose by 143.3%, significantly lower than November’s 202.1%. Similarly, food halls and restaurants saw an increase of 128.0%, down from 154.5%. Additional sectors such as bookstores and stationery (89.9% vs. 107.2%), toys (129.4% vs. 138.3%), pharmacies and perfumes (124.7% vs. 156.1%), and clothing, footwear, and leather goods (104.6% vs. 117.6%) also exhibited a decline in sales growth.
When calculated at constant prices, retail sales showed a marked increase of 16.9% year-on-year, a significant acceleration from the 3.8% growth in November. This surge in real terms indicates a rebound in consumer purchasing behavior, which may be a response to stabilizing economic conditions despite ongoing inflationary pressures.
Overall, Argentinian retail sales in December experienced a substantial year-on-year increase, yet the growth rate has slowed compared to the previous month. While certain categories like electronics thrived, others, particularly in leisure and food, showed diminished increases. The constant prices adjusted data suggests a positive shift in consumer sentiment, indicating possible economic recovery despite inflation challenges.
Original Source: www.tradingview.com
