Retail Sales in Italy

Italy Retail Sales | Economic News & Forecasts

Italy - Retail Sales

Following over three years of uninterrupted gradual growth, the economy stagnated in the third quarter, owing to muted contributions from both domestic and external demand. Survey-based indicators point to protracted economic weaknesses in the fourth quarter as tensions between the government and the European Commission (EC) escalate. On 13 November, the government returned the budget to the EC essentially unchanged after the Commission demanded spending growth was moderated and the target-deficit narrowed substantially, thus significantly increasing the likelihood that the EC will launch an infringement procedure against the country for breaching EU budgetary rules. On the previous day, Banca Carige—a mid-tier lender rooted in Italy’s northwest—approved recapitalization measures worth EUR 400 million to alleviate its heavy burden of non-performing loans, along the lines required by the ECB in order to avoid financial contagion. On a somewhat more positive note, on 26 October S&P lowered Italy’s outlook to negative but left its rating unchanged, surprising many market analysts on the upside.

Italy - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)-2.1  -1.2  0.8  0.4  0.9  

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Italy Retail Sales Chart


Italy Retail
Note: Annual variation of real retail sales in %.
Source: National Statistical Institute (ISTAT) and FocusEconomics calculations.

Italy Facts

ValueChangeDate
Bond Yield3.01-0.40 %Dec 12
Exchange Rate1.140.65 %Dec 12
Stock Market18,946-0.99 %Dec 12

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