Retail Sales in Italy
Italy - Retail SalesItalian voters will elect a new parliament on 4 March. Although polls suggest that a centrist grand coalition is the most likely outcome, a center-right government is not outside the realm of possibility. While Italy is in dire need of deep economic reforms as the pace of growth remains well below that of its European peers, it is unlikely bold reforms will be implemented. Nevertheless, the economy is faring reasonably well, and GDP growth continued at a decent pace in Q4 despite losing some steam. Moreover, recent survey-based indicators suggest that economic growth has been broadly stable in Q1. In January, business and consumer confidence remained elevated, despite weakening, and the manufacturing sector continued to see robust expansions in output and new orders. While concerns over the banking sector persist, the situation appears to be improving: The volume of Non-Performing Loans continued to decrease in December, down more than a quarter from the previous year’s peak.
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||1.88||-0.40 %||Mar 22|
|Exchange Rate||1.23||0.65 %||Mar 22|
|Stock Market||22,398||-0.99 %||Mar 22|
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March 19, 2018
Industrial output contracted 1.9% in January on a month-on-month, seasonally adjusted basis, contrasting December’s revised 2.1% expansion (previously reported: +1.6% month-on-month).
March 16, 2018
According to revised data released by the National Statistical Institute (Istat) on 16 March, consumer prices remained flat on a monthly basis in February (previously reported: +0.1% month-on-month), down from January’s 0.3% increase.
March 2, 2018
Economic growth was broadly unchanged in the fourth quarter, only decelerating slightly from the third quarter as firms reduced inventories.
March 1, 2018
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at 56.8 in February, below January’s seven-year high of 59.0.
February 28, 2018
According to provisional data released by the National Statistical Institute (Istat) on 28 February, consumer prices rose 0.1% on a monthly basis in February, down from January’s 0.2% increase.