Retail Sales in Italy
Italy - Retail SalesThe economy remained anemic in the third quarter, with GDP only just mustering an expansion for the fourth consecutive quarter. The external sector subtracted from growth, hit by headwinds blowing from Germany. In contrast, domestic demand timidly supported the expansion, although it was restrained by stifled credit extension, gloomy economic prospects, muted wage increases and some job shedding. Indicators for October suggest a similar pattern at the outset of the fourth quarter: Consumer sentiment slid, business confidence was downbeat and the manufacturing PMI dipped further into contractionary terrain. Meanwhile, infighting among partners of the governing center-left coalition intensified following the center-right coalition’s landslide victory in local elections at the end of October. This will make governing more precarious and highlights that political risks remain substantial.
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||0.82||-0.40 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||21,738||-0.99 %||Sep 04|
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November 15, 2019
Consumer prices fell a revised 0.1% month-on-month in October (previously reported: 0.0% month-on-month), following September’s 0.6% slump, according to revised data released by the National Statistical Institute (ISTAT) on 15 November.
November 11, 2019
Industrial output dropped 0.4% in September on a month-on-month, seasonally-adjusted basis, contrasting August’s revised 0.4% increase (previously reported: +0.3% month-on-month).
November 4, 2019
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) dipped to 47.7 in October from 47.8 in September.
October 31, 2019
Consumer prices remained unchanged month-on-month in October, following September’s 0.6% slump, according to provisional data released by the National Statistical Institute (ISTAT) on 31 October.
October 31, 2019
In the third quarter of the year, Italy’s GDP grew 0.1% over the previous period in seasonally- and working-day adjusted terms, according to an advance estimate released by Italy’s Statistics Institute (ISTAT) on 31 October.