Retail sales in Italy plunged 20.5 percent from a month earlier in March of 2020, after an upwardly revised 0.9 percent increase in the previous month. It was the biggest monthly fall in retail trade since the series began in February of 1996 on the back of the coronavirus pandemic. Non-food sales slipped 36 percent, down from a 0.5 percent gain in February; and food sales showed no growth (vs 1.5 percent). On a yearly basis, retail trade fell 18.4 percent, the most since December of 1996 and compared to an upwardly 6.1 percent gain in February.
Retail Sales MoM in Italy averaged -0.01 percent from 1996 until 2020, reaching an all time high of 2.10 percent in January of 2017 and a record low of -20.50 percent in March of 2020. This page provides the latest reported value for - Italy Retail Sales MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: National Institute of Statistics (ISTAT)
Retail Sales MoM in Italy is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Italy to stand at 1.10 in 12 months time. In the long-term, the Italy Retail Sales MoM is projected to trend around 0.50 percent in 2021 and 0.40 percent in 2022, according to our econometric models.