Argentina's retail sector saw a significant downturn in December 2024, with the latest data showing retail sales dropping to 94.2%, down from the previous month's meteoric 138.7%. This represents a substantial decrease of over 44% in year-over-year comparison as updated data were unveiled on February 26, 2025.
This sharp decline comes as the Argentine economy struggles to sustain momentum amidst ongoing economic challenges. In November 2024, the retail sales were at a robust 138.7%, highlighting a considerable growth compared to the same month a year earlier. However, the current December numbers indicate a stark reversal in this trend.
Analysts will be closely watching the economic strategies and market conditions influencing consumer behavior in Argentina in an effort to understand the causes of this dramatic dip. The government's response and upcoming economic policy adjustments could be crucial in stabilizing the retail scene moving forward. Investors and market observers will be eager to see if this downward trend is a temporary setback or indicative of more long-term challenges for the Argentine retail sector.
The material has been provided by InstaForex Company - www.instaforex.com
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