Retail Sales in Italy

Italy Retail Sales | Economic News & Forecasts

Italy - Retail Sales

Preliminary GDP data revealed that growth slid in the second quarter, expanding at the slowest pace since Q4 2016. Political instability and a broader slowdown in the Eurozone likely took a bite of growth in Q2, and industrial output decelerated to an over one-year low in the quarter. Looking ahead, although both business and consumer sentiment recovered lost ground following the end of the political deadlock in May, the PMI dipped in July on deteriorating sentiment in the manufacturing sector, suggesting that the slowdown in economic activity spilled over into Q3. Furthermore, inflation surged to a multi-month high in July after the unemployment rate edged up in June, boding ill for private consumption. On the political front, the government started budget negotiations early in August and stated that it would purse bold spending plans in the document. Concerns over fiscal responsibility and that the government could breach the EU’s spending rules, prompted investor flight from the country’s bond market and is fueling uncertainty ahead of September’s presentation of the budget.

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

Bond Yield2.78-0.40 %Sep 24
Exchange Rate1.180.65 %Sep 24
Stock Market21,340-0.99 %Sep 24

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