• Italy's retail sales rose more than forecast in August.

Market news

7 October 2021

Italy's retail sales rose more than forecast in August.

According to the report from Istat, in August 2021 estimates for seasonally adjusted index of retail trade rose in the month on month series by 0.4% both in value and in volume terms. Economists had expected a 0.2% increase.

In the three months to August 2021 value of sales was up 0.8% when compared with the previous three-month period, likewise volume increased by 0.5%.

In August 2021 both value and volume of retail trade continued to grow for the 6th month in a row in the year on year series. Value sales increased by 1.9% and volume sales rose by 1.0% comparing to August 2020.

Online sales increased by 20.7% in August 2021 when compared with August 2020.

Looking at the value of sales for non-food products, all sectors experienced growth besides tools (-2.2%), furniture, textile items and household furnishing (-0.2%) and clothing (0.0%). The largest increases were reported for electric household appliances, audio-video equipment (+20.5%) and other goods (+8.2%).

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