The Consumer Indicator from the Argentine Chamber of Commerce and Services recorded a 2.8 % contraction in November compared to the same month last year, and a 1.3 % decline versus October, breaking the growth trend seen in 2025. The average nominal household income for November was 2,582,000 pesos. Other consumption categories fell by 5.7 %.
Mass‑produced goods barely changed: an inter‑annual drop of 0.1 % and a seasonally unadjusted decline of 1.8 % from the previous month. Durable goods, however, remain positive, though at a slower pace. “This dynamic reflects a shift in household consumption toward durable goods over mass goods, a trend that began to stabilize by year‑end,” said CAC.
The credit market shows signs of fatigue: credit cards and personal loans are stagnating, while secured and mortgage credit have lost momentum in recovery.
In fashion and footwear the sector grew 16.8 % YoY, driven by a low base in 2024. Recreation and culture rose 5.2 %. In contrast, transport and vehicles fell 2.0 %, and housing, rent and utilities slipped 0.6 %. Adjusted for inflation, these figures indicate a slight decline in purchasing power versus October.
