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Italy

Italian retail sales drop by 2.2% in July

cde.news desk · 1 min read
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Shoppers walk during the first day of winter sales in Rome, Italy, 05 January 2019. Seventy percent of the Italians are waiting to spend in the January sales, retail group Confcommercio said, mostly on clothing, footwear, and accessories. EPA-EFE/Massimo Percossi

Italian retail sales fell 2.2% in July from the month before, data showed on Tuesday, following a 10.2% rise in June.

National statistics institute ISTAT revised down June’s data from an originally reported 12.1% increase. Sales fell 7.2% in unadjusted year-on-year terms in July, ISTAT said.

The data are expressed in value terms and are not adjusted for consumer prices, which increased 0.8% in July from the year earlier, based on Italy’s EU-harmonised index (HICP).

Filed under ItalyRetail
Topics EconomyRetail

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