Retail Sales in Italy

Italy Retail Sales | Economic News & Forecasts

Italy - Retail Sales

Despite structural weaknesses, and a marginal downward revision to Q2 quarter-on-quarter GDP growth, the economy seems to have stabilized on a path of moderate recovery. In August industrial production continued to expand robustly, benefiting from rising external demand for metallurgical and pharmaceutical products. Moreover, the unemployment rate ticked down, and the number of employed people increased. Nevertheless, improving labor market conditions seemingly failed to translate into higher consumer spending—as suggested by the second consecutive month of year-on-year declines in retail sales—likely due to stagnant wage growth, and the still sluggish construction sector. In mid-October, the government presented its 2018 budget, one of its last legislative measures before next year’s election. The proposed budget includes tax incentives for firms to hire young people and invest in new machinery, and avoids the VAT hikes previously set up for next year. Nevertheless, this would come at the cost of a wider fiscal deficit in 2018, which the government now projects at 1.6%—higher than the 1.0% expected without the policy changes.

Italy - Retail Sales Data

2012  2013  2014  2015  2016  
Retail Sales (annual variation in %)-1.7  -2.1  -1.1  0.8  0.0  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

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 Yield1.69-0.40 %Nov 03
Exchange Rate1.160.65 %Nov 03
Stock Market22,831-0.99 %Nov 03

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form