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- Italy's retail sales rose sharply in August
Italy's retail sales rose sharply in August
According to the report from Istat, in August 2020 estimates for seasonally adjusted index of retail trade were nearly at pre-pandemic levels, as value rose by 8.2% and volume increased by 11.2% in the month on month series.
In the three months to August 2020, both value and volume showed a strong growth (+22.8% and +22.4% respectively) due to monthly rises in June and August when compared with steep decline occurred over lockdown in March and April.
Compared with August 2019, value of sales was up 0.8% in August 2020, this is the first year on year increase since February 2020, the volume remained unchanged instead.
After decreasing in the previous months, in August 2020 large-scale distribution slightly rose by 0.4%, while small-scale distribution was still negative, dropping by 0.5%. Non-store retail sales were down 3.3% when compared with August 2019.
Online sales strongly grew by 36.8% in the year on year series.
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