According to the Business Confidence Index for the third quarter (Q3) of 2025, compiled by Vistage Argentina, 51% of CEOs, general managers, and business owners in Argentina are confident that the volume in units sold will increase over the next 12 months, although 40% believe profitability will decrease. The survey, which included 393 entrepreneurs, showed a moderation in sentiment compared to the previous period.
The most significant business problem cited is economic uncertainty (37%), followed by financial issues (financing, cash flow, profitability) at 21%, and higher costs (energy, raw materials, salaries, etc.) at 18%. Other mentioned problems are growth (too slow or too fast) at 10% and personnel (finding, hiring, retaining, training) at 9%.
Finally, entrepreneurs estimate that annual inflation for 2025 will be 41% (9 percentage points higher than they predicted in the previous Business Confidence Index). They also state that the exchange rate will be 1,620 Argentine pesos per dollar (official) by December 31, 2025 (130 pesos more than stipulated in the Q2 Index).
The CEO of the Vistage network, Guadalupe San MartÃn, urged looking at the complete perspective of these results. "We observe a cautious optimism in the internal management of companies that shows the sector's resilience: even in the face of economic uncertainty, which is cited as the main concern, our CEOs are focused on the expansion and growth of their own organizations," she stated.
Differing Perceptions on the Economic Situation
When asked about the performance of the Argentine economy over the last year, 25% of entrepreneurs believe the scenario improved, while 50% estimate it worsened, and 25% say it remained unchanged.
For the next twelve months, 45% of entrepreneurs estimate the economic situation will improve; 33% indicate there will be no changes; and 22% say it will worsen.
Projections for their companies over the next 12 months indicate that 51% are confident the volume in units sold will increase; 34% stress it will remain stable; and 15% say it will decrease.
Meanwhile, regarding profitability, 40% of business leaders state it will decrease; 36% value that there will be no changes; and the remaining 24% indicate profitability will increase.
On investment in fixed assets, 54% say it will remain unchanged; 29% believe it will increase; and the remaining 18% value it will decrease.
And in terms of billing, 52% estimate it will increase; 36% say it will remain stable; and 12% say it will decrease.
Differing Price Policies
The behavior of product/service prices was another point consulted in the Business Confidence Index. 48% of entrepreneurs state that for the next 12 months, prices will remain the same. For 35%, prices will increase; and for 17%, they will decrease.
Regarding the number of employees, 52% report it will remain the same; 30% estimate it will increase; and 18% respond that it may be less than the current one.
