Argentina’s retail sector saw a marked slowdown in growth at the start of 2026, with year-on-year sales expansion easing to 20.7% in January, down from 25.5% in December 2025. The latest data, updated on 20 March 2026, underscore a deceleration in consumer spending momentum after a strong close to last year.
Both figures reflect year-over-year changes, comparing each month’s performance to the same month a year earlier. While January’s 20.7% rise still indicates robust annual growth in retail activity, the pullback from December’s pace suggests that domestic demand may be losing some steam following an intense period of expansion at the end of 2025.
Market participants will be watching coming months’ data closely to see whether January’s moderation proves temporary or signals a more sustained cooling in Argentina’s retail recovery.
