• Italy retail sales stagnate in August

Market news

25 October 2013

Italy retail sales stagnate in August

Retail sales in Italy during August remained unchanged from the previous month as spending on food held steady, while non-food consumption shrunk, data released by the statistical office ISTAT showed on Friday.

The seasonally adjusted retail trade index remained unchanged from July, when sales declined a revised 0.2 percent. This was in line with economists' expectations and came after a 0.2 percent decreases in the previous two months.

Sales of food were stable in August, following a 0.1 percent gain in the previous month. Non-food sales declined for the fourth straight month, down 0.1 percent.

On an annual basis, non-adjusted retail sales rose 0.2 percent in August, after declining 0.8 percent in the previous month. The increase came in contrast to economists' expectations for a 2.3 percent fall.

It was the first annual increase since June last year. Food sales grew 1 percent, while non-food sales shrunk 0.4 percent.

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