Retail Sales in Italy
Italy - Retail SalesEconomic growth came in at a respectable pace in Q2 according to preliminary figures, thanks to expansions in the industrial and service sectors. The latest indicators suggest that the economy’s momentum continues into the third quarter, with the manufacturing PMI remaining firmly in expansionary territory in July, and business and consumer confidence increasing in August. Increased consumer optimism has translated into a willingness to spend, which has been reflected in a pickup in retail sales in recent months. On the external front, there are also some positive signs; buoyed by solid growth in the economies of major Eurozone trading partners, Italy’s current account surplus rose markedly in H1. However, the economic situation is far from secure. GDP growth is persistently lagging behind the Eurozone average, and the economy is plagued by a high stock of public debt, as well as structural weaknesses in the labor market and the banking system. The latter is of particular concern, and it makes the country vulnerable to the possible withdrawal of some ECB monetary stimulus over the coming years.
Italy - Retail Sales Data
|Retail Sales (annual variation in %)||-1.7||-2.1||-1.1||0.8||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Italy Retail Sales Chart
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.
|Bond Yield||2.10||1.71 %||Sep 21|
|Exchange Rate||1.19||-0.61 %||Sep 21|
|Stock Market||22,492||0.61 %||Sep 21|
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September 14, 2017
According to revised data released by the National Statistical Institute (Istat), consumer prices increased 0.3% on a monthly basis in August, up from July’s 0.1% increase.
September 12, 2017
Industrial output grew 0.1% in July on a month-on-month seasonally adjusted basis, following the 1.1% expansion registered in June and beating analysts’ expectations, which forecast a 0.3% contraction.
September 1, 2017
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 56.3 in August from 55.1 in July, the highest level in six and a half years and above market expectations of a slight increase to 55.3 points.
September 1, 2017
Economic growth was steady in Q2 2017 on the back of healthy investments and robust household spending.
August 28, 2017
The National Institute of Statistics’ (Istat) consumer confidence index stormed to 110.8 points in August, up from July’s 106.9 points and comfortably beating market expectations of 106.9 points. August’s reading reflected a broad-based improvement in all of the index’s sub-categories.