SME retail sales fell 0.6% in March according to CAME

Argentina's Confederation of Medium Enterprises (CAME) reported a 0.6% year-over-year contraction in SME retail sales in March, at constant prices. This marks the eleventh consecutive month of decline and a 0.4% drop compared to February.

SME retail trade activity recorded another decline in March, according to an analysis by Argentina's Confederation of Medium Enterprises (CAME). The year-over-year contraction was 0.6% at constant prices, while it fell 0.4% compared to February.

This result marks eleven consecutive months of declining retail sales. In the first quarter of the year, the retraction reached 3.6%, according to CAME's measurement.

Five of the seven surveyed sectors showed losses during the period. Additionally, six out of ten entrepreneurs surveyed considered it not a suitable time to invest.

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Illustration depicting Argentina's February economic decline with falling graphs, closed factories, and empty shops in Buenos Aires.
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Economic activity fell 2.6% in February, according to INDEC

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Argentina's monthly economic activity estimator (EMAE) recorded a 2.1% year-over-year drop and a 2.6% seasonally adjusted decline in February 2026, INDEC reported. Manufacturing industry contracted 8.7% and commerce 7.0% year-over-year.

A Fenalco survey reveals April sales posted the weakest performance of the year. Just 32% of businesses reported increases while 68% saw sales hold steady or fall compared with April 2025.

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After a 2.6% drop in economic activity in February, according to INDEC, private consultancies estimate a March recovery driven by agriculture. Equilibra forecasts a 1.5% year-on-year rise and 1% monthly desesasonalized. The first quarter would end with 0.4% growth versus 2025.

The latest Relevamiento de Expectativas de Mercado (REM) from the Banco Central has raised inflation expectations for March and the rest of 2026. Consultancies forecast 3.0% for March, with an annual projection of 29.1%. They also updated estimates for the dollar, GDP, and unemployment.

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The National Institute of Statistics and Censuses reported the consumer price index at 2.6% for April, the lowest reading in ten months.

Economy Minister Luis Caputo projected that March inflation will exceed 3%, driven by oil impacts and educational seasonality. The official INDEC data will be released on Tuesday, April 14, at 4 p.m. Caputo assured that disinflation and economic growth will begin from April.

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Statistics Korea reported on May 29 that industrial output fell 0.6 percent in April from March, with retail sales and facility investment also dropping 3.6 percent each.

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