Retail sales in Italy jumped 6.6 percent from a month earlier in February of 2021, rebounding from a downwardly revised 2.7 percent drop in January. It was the biggest monthly gain in retail trade since August 2020, as coronavirus restrictions were relaxed at the beginning of the month. Non-food sales soared 14.8 percent, the most since June 2020 and compared to a 5.2 percent fall in the prior month. On the other hand, food sales declined 2.4 percent, after showing no growth. In unadjusted year-on-year terms, retail trade fell 5.7 percent, easing from a 6.7 percent decline in January. Still, most of the country’s regions, including Rome and Milan, reimposed measures from mid-March to curb a resurgence of Covid-19 cases, with all non-essential shops closed, which will likely push retail sales down again. source: National Institute of Statistics (ISTAT)
Retail Sales MoM in Italy averaged 0.07 percent from 1996 until 2021, reaching an all time high of 24.50 percent in May of 2020 and a record low of -21.70 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 April of 2021.
Retail Sales MoM in Italy is expected to be 0.90 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 0.90 in 12 months time. In the long-term, the Italy Retail Sales MoM is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.