Retail Sales in Italy

Italy Retail Sales | Economic News & Forecasts

Italy - Retail Sales

Economic growth came in at a respectable pace in Q2 according to preliminary figures, thanks to expansions in the industrial and service sectors. The latest indicators suggest that the economy’s momentum continues into the third quarter, with the manufacturing PMI remaining firmly in expansionary territory in July, and business and consumer confidence increasing in August. Increased consumer optimism has translated into a willingness to spend, which has been reflected in a pickup in retail sales in recent months. On the external front, there are also some positive signs; buoyed by solid growth in the economies of major Eurozone trading partners, Italy’s current account surplus rose markedly in H1. However, the economic situation is far from secure. GDP growth is persistently lagging behind the Eurozone average, and the economy is plagued by a high stock of public debt, as well as structural weaknesses in the labor market and the banking system. The latter is of particular concern, and it makes the country vulnerable to the possible withdrawal of some ECB monetary stimulus over the coming years.

Italy - Retail Sales Data

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

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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 Yield2.101.71 %Sep 21
Exchange Rate1.19-0.61 %Sep 21
Stock Market22,4920.61 %Sep 21

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