Retail Sales in Italy
Italy - Retail SalesDespite a slight downward revision from a preliminary release, quarter-on-quarter growth remained healthy in Q3 on the back of a strong increase in fixed investment and a robust external sector. Available data for the last quarter suggests the economy maintained its pace of growth. Although retail sales dropped in annual terms in October, in the same month industrial production growth accelerated, and the unemployment rate remained at a five-year low. Moreover, exports expanded over 10% year-on-year, pushed up by strong increases in overseas orders of transport, and base metals and metal products. In November, the manufacturing PMI reached a new multi-year high, on the back of booming new orders. Both business and consumer confidence remained at high levels, despite losing some ground from October. In a parliamentary panel held in mid-December, the economy minister reported that the value of problematic loans is now hovering around EUR 287 billion. Although elevated, the figure is well below the peak of EUR 361 billion in 2015.
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||1.67||-0.40 %||Dec 06|
|Exchange Rate||1.18||0.65 %||Dec 06|
|Stock Market||22,307||-0.99 %||Dec 06|
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January 12, 2018
Industrial output remained flat in November on a month-on-month seasonally adjusted basis, following October’s 0.6% expansion and coming in slightly below analysts’ expectations.
January 5, 2018
According to provisional data released by the National Statistical Institute (Istat) on 5 January, consumer prices rose 0.4% on a monthly basis in December, contrasting November’s 0.2% drop.
January 2, 2018
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at a strong 57.4 in December, below November’s multi-year high of 58.3.
December 22, 2017
The consumer confidence index released by the National Institute of Statistics (Istat) rose to 116.6 points in December, up from a revised 114.4 points in November (previously reported: 114.3).
December 22, 2017
The National Institute of Statistics (Istat)’s composite business confidence indicator (Clima di Fiducia delle Imprese Italiane, IESE)—which covers the manufacturing, construction, services and retail sectors—inched up to 108.9 points in December, a marginal increase from November’s 108.8 points. The strengthening came mainly on the back of an improvement in sentiment in the retail trade sector, in which expectations on future sales rose.