Italy's retail trade sees modest growth in May 2024

06 Jul '24

1 min read

Italy's retail trade sees modest growth in May 2024

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Insights

In May 2024, Italy's retail trade increased by 0.4 per cent in value and 0.2 per cent in volume from the previous month, as per Istat.
However, retail trade in clothing declined 0.6 per cent YoY.
Despite a 0.4 per cent YoY rise in retail value, sales volume fell by 0.8 per cent.
Large-scale distribution grew by 0.9 per cent and small-scale by 0.2 per cent.

In May 2024, Italy's seasonally adjusted index for retail trade showed an increase of 0.4 per cent in value and 0.2 per cent in volume compared to the previous month, according to the Italian National Institute of Statistics (Istat). However, retail trade in clothing experienced a notable year-on-year (YoY) decline of 0.6 per cent.

Over the three months leading to May 2024, the value of sales increased by 0.1 per cent, while the volume of sales saw a slight decline of 0.1 per cent compared to the previous three-month period. Despite the overall growth in retail trade value, several categories faced downturns. Shoes, leather goods, and travel items fell by 0.8 per cent, while furniture, textile items, and household furnishings decreased by 1.6 per cent.

The value of retail trade, which had fallen in April, was up 0.4 per cent YoY in May, although the sales volume dropped by 0.8 per cent. Large-scale distribution grew by 0.9 per cent YoY, small-scale distribution rose by 0.2 per cent, and non-store retail sales fell by 1.6 per cent, as per Istat.

Online sales, which had grown in April, declined in May 2024, showing a contraction of 1.4 per cent compared to May 2023.

Fibre2Fashion News Desk (DP)

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