Retail

Italian retail trade sees slight decline in April 2024

08 Jun '24

1 min read

Italian retail trade sees slight decline in April 2024

Pic: Adobe Stock

Insights

Italy's retail trade index fell by 0.1 per cent MoM in value terms in April 2024, with sales volume down 0.3 per cent, according to Istat.
Over the past three months, sales value and volume declined by 0.2 per cent and 0.4 per cent, respectively.
YoY, the country's retail trade value dropped by 1.9 per cent, with sales volume down 3.3 per cent.

Italy’s seasonally adjusted index for retail trade fell by 0.1 per cent month-on-month (MoM) in value terms in April 2024, while the sales volume experienced a more significant contraction, decreasing by 0.3 per cent, according to the Italian National Institute of Statistics (Istat).

Over the three months leading to April 2024, the value of sales saw a slight decline of 0.2 per cent, and the volume of sales dropped by 0.4 per cent compared to the previous three-month period. This marks a notable shift for the sector, which had been experiencing growth since March 2021.

On a year-on-year (YoY) basis, the value of retail trade in April 2024 contracted by 1.9 per cent, with sales volume dropping by 3.3 per cent. The YoY comparison highlights a 3.8 per cent decrease in large-scale distribution, a 0.5 per cent decline in small-scale distribution, and a 0.8 per cent fall in non-store retail sales.

Despite the overall decline, there was a positive note for online sales, which rebounded in April 2024 following a decline in March. Online sales increased by 7.4 per cent compared to April 2023.

Fibre2Fashion News Desk (DP)

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