Argentina has recorded a total of 32,290 fewer companies since Javier Milei's arrival at the Presidency at the end of 2023. The decrease is equivalent to 6.3% of the country's productive units and occurs in a scenario of falling consumption and difficulties for commerce and various industrial sectors.
The figures were published this Saturday by the Argentine Center for Political Economy (CEPA), which counted a reduction from 512,357 companies in November 2023 to 480,067 in July 2026.
In July alone, the last month included in the study, the number of companies decreased by 948 units, equivalent to an average of close to 30 per day.
The contraction has also had consequences in the labor market. According to CEPA, Argentina has recorded 437,611 fewer formal jobs since the start of Milei's administration.
In July, the decrease was 3,485 registered jobs, in line with the reduction in productive units observed during that month.
The fall in consumption and its impact on companies
Among the factors that have affected the activity of Argentine companies is the loss of purchasing power of wages, in a context of still-high inflation.
In July, year-on-year inflation reached 33.8%, a scenario that has contributed to reducing households' purchasing capacity and, with it, the demand for products and services.
This contraction in consumption has particularly hit commerce, the in...
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WorldA report by the Center for Political Economy of Argentina (CEPA) revealed that the number of productive units fell by 6.3% since November 2023. The contraction in consumption and the loss of purchasing power have especially affected commerce and small and medium-sized enterprises.
More than 32 thousand fewer companies and 437 thousand formal jobs lost in Argentina during Milei's government so far DIEGO MARTIN/ATON CHILE CommentsArgentina has recorded a total of 32,290 fewer companies since Javier Milei's arrival to the Presidency at the end of 2023. The decrease equals 6.3% of the country's productive units and occurs amid falling consumption and difficulties for commerce and various industrial sectors. The figures were published this Saturday by the Center for Political Economy of Argentina (CEPA), which counted a reduction from 512,357 companies in November 2023 to 480,067 in July 2026. In July alone, the last month included in the study, the number of companies fell by 948 units, equivalent to an average of nearly 30 per day. The contraction has also had consequences in the labor market. According to CEPA, Argentina has recorded 437,611 fewer formal jobs since the start of Milei's administration. In July, the decrease was 3,485 registered jobs, in line with the reduction in productive units observed during that month. Falling consumption and its impact on companiesAmong the factors that have affected the activity of Argentine companies is the loss of purchasing power of wages, in a context of still-high inflation. In July, year-on-year inflation reached 33.8%, a scenario that has contributed to reducing households' purchasing capacity and, with it, the demand for products and services. This contraction in consumption has particularly hit commerce, local industry, and small and medium-sized enterprises (SMEs), sectors facing lower domestic demand. The results also coincide with a decline in economic activity. According to official figures collected in the report, the Argentine economy fell 2.9% in July compared to June, while year-on-year it registered a decrease of 1.4%. See also:Palestinian president calls presidential and legislative elections for September 2027Lula and Bolsonaro campaign 15 days before Brazil's electionsSeveral injured reported after explosion at Riyadh airport: flights were diverted or canceledMore on:ArgentinaMileiCompaniesUnemploymentWorldInternationalEconomyInflation