Retail Sales in Italy
Italy - Retail SalesThe pandemic and associated lockdown measures dealt a severe blow to the economy in the first half of the year. Industrial production crashed again in April which, coupled with a contractionary manufacturing PMI in May and abysmal business sentiment through June suggests protracted containment measures smashed private sector activity. Moreover, plummeting retail sales and another plunge in employment in April hint that household spending will take a considerable hit in Q2. Compounding matters, exports dived at the sharpest pace on record in April, highlighting extinguished external demand. On a more positive note, in early June the government lifted the bulk of remaining lockdown measures; moreover, strong demand for government bonds indicates the ECB monetary stimulus is supporting investor confidence.
Italy - Retail Sales Data
|Retail Sales (annual variation in %)||0.8||0.4||0.9||0.1||0.8|
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||1.31||-0.40 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 7, 2020
Industrial output jumped 8.2% in June on a month-on-month, seasonally-adjusted basis.
Italy: Manufacturing conditions improve at fastest pace in over two years on easing lockdown in July
August 3, 2020
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 47.5 in June to 51.9 in July, as demand conditions improved amid easing lockdown measures.
July 31, 2020
The Italian economy contracted at the sharpest pace on record in the second quarter as unprecedented shutdowns closed businesses and led to massive job shedding.
July 31, 2020
Consumer prices inched down 0.1% month-on-month in July, contrasting June’s 0.1% uptick, according to preliminary data released by the National Statistical Institute (ISTAT).
July 24, 2020
The consumer confidence index released by the National Institute of Statistics (ISTAT) dipped from 100.7 in June to 100.0 in July. July’s weakening was the result of deteriorations in the economic and future climate components more than offsetting improvements in the personal and current climate components.