Retail Sales in Italy
Italy - Retail SalesAlmost three months after elections, uncertainty continues to dominate the political landscape. On 28 May President Sergio Mattarella gave Carlo Cottarelli, a former IMF director, the task of forming a government. As Cottarelli is unlikely to secure a parliamentary majority, snap elections are probably on the horizon. One day before, the president had refused to appoint Paolo Savona as finance minister, which led to the collapse of the tenuous coalition agreement between the League and the Five Star Movement. So far this year, the economy has held up in the face of political uncertainty, as data shows that despite a weak external sector, growth held up relatively well in Q1. Significant employment gains and moderate inflation are seen having underpinned consumer spending, while expanding credit and upbeat business confidence likely supported business investment. Moreover, the stock of bad credit held by the banking sector continued to drop in March. Heading into Q2, deteriorating but still positive survey-based data and continued credit expansion in April indicated resilient albeit subdued growth.
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||2.76||-0.40 %||Jun 14|
|Exchange Rate||1.17||0.65 %||Jun 14|
|Stock Market||22,486||-0.99 %||Jun 14|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
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.
June 15, 2018
According to revised data released by the National Statistical Institute (ISTAT) on 15 June, consumer prices rose a revised 0.3% on a monthly basis in May (previously reported: +0.4% month-on-month) up from a 0.1% increase in April.
June 11, 2018
Industrial output contracted 1.2% in April on a month-on-month, seasonally-adjusted basis, strongly contrasting March’s 1.2% increase.
June 2, 2018
Economic growth was broadly unchanged in the first quarter, supported by strong growth in inventories and a rebound in private consumption.
June 1, 2018
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) came in at 52.7 in May, below April’s 53.5.
May 31, 2018
According to provisional data released by the National Statistical Institute (ISTAT) on 31 May, consumer prices rose 0.4% on a monthly basis in May, up from a 0.1% increase in April.