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5.2

Argentina retail sales fall 1.6% y/y in October, seventh monthly contraction

Argentine retail sales dropped 1.6% year-on-year in October, according to CAME, marking the seventh monthly contraction this year against only three advances. The persistent decline signals weak domestic demand, likely reflecting high inflation and austerity, and pressures consumption-driven growth.

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Perfil3 days agoARCredibility 35%View source

Score Breakdown

Mosaic Score5.2
Model confidence0.7
Significance0.5
Source credibility0.3

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Argentinacountry
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