Retail

Italy's Aug retail trade index falls 0.5% MoM, grows 0.8% YoY in value

07 Oct '24

1 min read

Italy's Aug retail trade index falls 0.5% MoM, grows 0.8% YoY in value

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Insights

Italy's seasonally-adjusted index for retail trade fell by 0.5 per cent month on month (MoM) in value terms in August this year.
Retail trade volume contracted by 0.4 per cent MoM in the month, official statistics show.
On a year-on-year (YoY) basis, the value of retail trade grew by 0.8 per cent, with a modest increase of 0.2 per cent in volume.

Italy’s seasonally-adjusted index for retail trade fell by 0.5 per cent month on month (MoM) in value terms in August this year. Retail trade volume contracted by 0.4 per cent MoM in the month, according to official statistics agency Istat.

Over the three-month period ending in August, the value of retail sales increased by 0.2 per cent quarter on quarter (QoQ), while sales volume declined by 0.1 per cent QoQ during the period.

On a year-on-year (YoY) basis, the value of retail trade grew by 0.8 per cent, with a modest increase of 0.2 per cent in volume.

Large-scale distribution saw a YoY growth of 3 per cent in August, while small-scale distribution contracted by 0.9 per cent. Non-store retail sales declined by 2 per cent YoY. Following a rise in July, online sales registered a notable YoY decline in August, falling by 4.7 per cent.

Within the non-food product category, YoY performance showed mixed results.

Fibre2Fashion News Desk (DS)

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