Retail Sales in Italy
Italy - Retail SalesFollowing 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
|Retail Sales (annual variation in %)||-2.1||-1.2||0.8||0.4||0.9|
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||3.01||-0.40 %||Dec 12|
|Exchange Rate||1.14||0.65 %||Dec 12|
|Stock Market||18,946||-0.99 %||Dec 12|
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December 14, 2018
According to revised data released by the National Statistical Institute (ISTAT) on 14 December, consumer prices dropped a revised 0.2% month-on-month in November (previously reported: -0.1% month-on-month), following October’s flat reading.
December 10, 2018
Industrial output increased 0.1% in October on a month-on-month, seasonally-adjusted basis, contrasting September’s revised 0.1% contraction (previously reported -0.2% month-on-month).
December 3, 2018
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to a near four-year low of 48.6 in November from October’s 49.2.
November 30, 2018
According to provisional data released by the National Statistical Institute (ISTAT) on 30 November, consumer prices dropped 0.1% month-on-month in November, following October’s flat reading.
November 30, 2018
The Italian economy contracted for the first time in nearly four years in the third quarter, weighed down by its shrinking domestic sector.