(MENAFNEditorial)
Fast Market Research announces the availability of a new Business Monitor International report "Argentina Retail Report Q3 2015" on their comprehensive research portal.
Despite a troubling economic landscape and a rather uncertain political future foreign players are still looking to invest in Argentina . There is hope of an economic boom following the October 2015 elections as import restrictions are thought to be lifted. While high inflation will dampen the real value of household spending growth in the short term we expect price levels to moderate over the medium term and rising household spending to provide investment opportunities in the retail sector.
Household spending is set to increase across all sectors in 2015. However spending on alcoholic drinks & tobacco personal insurance & other spending education and clothing & footwear are set to experience the highest growth rates. This can be partly explained by the burgeoning middle class as the majority of goods and services provided by these sectors can be classed as non-essentials. The growing middle class together with general population growth and rising household income has buoyed consumer confidence which has a positive impact on household spending. In October 2014 consumer confidence reached a 10-month high with consumers viewing themselves in a more positive position and expectations that Argentina's economic situation will improve in the long term.
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In terms of retail formats there has been a move away from the dominance of large supermarkets and hypermarkets to smaller local formats on the back of changes in consumer habit and demand trends. Key international players such as Carrefour are choosing to expand their portfolio by opening convenience stores rather than larger retail formats offering a time-saving and convenient way to shop which is becoming increasingly attractive to consumers.
The Argentina Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects including consumer spending and private sector investment.
BMI's Argentina Retail Report also examines the level of development and potential for growth of the retail sector the commercial initiatives of major players changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail autos over-the-counter pharmaceuticals computers and consumer electronics.
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