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- Italian retail sales unexpectedly declined in March
Italian retail sales unexpectedly declined in March
According to the report from National Institute of Statistics (Istat), in March 2019, estimates of the value of retail trade decreased by 0.3%. Economists had expected a 0.3% increase. Volume was down 0.2% when compared with the previous month.
In the three months to March 2019 (Quarter 1), both value and volume of retail trade rose by 0.2% when compared with Quarter 4 2018 (Oct to Dec).
When compared with a year earlier, both value and volume of retail trade saw a decline, decreasing by 3.3% and 3.7% respectively.
Large scale distribution decreased year-on-year by 5.0%, while small scale distribution fell by 2.2%. Internet sales continued their growth, increasing by 11.1% when compared with March 2018.
Looking at the value of sales for non-food products, the strongest growth was reported for Shoes, leather goods and travel items (+5.0%), while the largest falls concerned Stationery, books, newspapers and magazines (-4.6%) and Electric household appliances, audio-video equipment (-4.2%).
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