Retail Sales in Italy

Italy Retail Sales | Economic News & Forecasts

Italy - Retail Sales

GDP shrank markedly in the first quarter, hit by the coronavirus crisis, after contracting in the final quarter of last year on shriveling domestic demand. The severe containment measures to limit the spread of the virus dragged heavily on an already-frail domestic economy, and the extension of restrictions hints at an intensification of the downturn in the second quarter. Exacerbating matters, on 28 April, Fitch Ratings downgraded Italy's credit rating from 'BBB' to 'BBB-', just a notch above "junk", due to debt sustainability risks associated to a projected jump in the public debt stock. The downgrade will likely put upside pressure on borrowing costs and came just days after S&P Global Ratings held the country's debt classification unchanged, citing the role of the ECB's massive asset purchase program in backstopping an expected leap in public borrowing.

Italy - Retail Sales Data

2014   2015   2016   2017   2018  
Retail Sales (annual variation in %)-1.2  0.8  0.4  0.9  0.1  

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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

Value Change Date
Bond Yield1.31-0.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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