Italy's retail trade sees slight decline in June 2024

In June 2024, Italy's seasonally adjusted index for retail trade recorded a slight decrease of 0.2 per cent in both value and volume compared to the previous month, according to the Italian National Institute of Statistics (Istat). The second quarter (Q2) of 2024 showed mixed results, with the value of sales inching up by 0.1 per cent, while the volume of sales declined by 0.1 per cent compared to the previous quarter.

On a year-on-year basis, the retail trade value in June 2024 decreased by 1 per cent, and the volume of sales dropped by 1.8 per cent. Within the non-food product category, significant variations were observed. Shoes, leather goods, and travel items experienced the largest decline, falling by 5.1 per cent. Furniture, textile items, and household furnishings followed closely with a 5 per cent drop.

Large-scale distribution saw a slight year-on-year increase of 0.5 per cent in June 2024, contrasting with a 2.0 per cent decline in small-scale distribution. Non-store retail sales also fell, showing a decrease of 4.2 per cent. Notably, online sales continued their downward trend for the second consecutive month, contracting by 3.9 per cent compared to June 2023, as per Istat.

Fibre2Fashion News Desk (DP)