BUENOS AIRES – Retail sales rose 2.1 percent in Argentina last year, spurred by sales and wider availability of credit for financing purchases, the Argentine Association of Mid-Sized Businesses, or CAME, said Sunday.
Retail sales rose 3.1 percent in December, compared to December 2014, marking the 13th straight month of rising sales, the association said.
“In general, the year was marked by recovering demand, which always grew compared to the previous year, although at levels that were not enough to improve the profitability of small- and mid-sized businesses,” the CAME said in a statement.
“However, December was a different month: Demand rose strongly, especially compared with a pretty good month like December of the previous year, with a public that was more enthusiastic, confident and willing to spend. For businesses, it was a good indicator of what consumer demand might be in 2016,” the CAME said.
In 2015, the most dynamic sectors were household appliances, electronic goods and clothing.