Italy's retail sales show modest growth in November 2023

However, the three-month period leading to November 2023 witnessed a minor contraction. The value of sales dipped by 0.1 per cent, and the volume of sales decreased more significantly by 0.8 per cent compared to the preceding three-month period.

The value of retail trade in November 2023 continued its upward trend for the 32nd consecutive month in a year-on-year (YoY) comparison, registering a 1.5 per cent increase. This contrasts with a 2.2 per cent decline in volume sales over the same period, as per Istat.

The YoY data for non-food product sales revealed varying trends across different categories. Clothing sales experienced a 2.2 per cent increase, whereas sales of shoes, leather goods, and travel items saw a more modest growth of 0.5 per cent.

Compared to November 2022, large-scale distribution sales increased by 3.4 per cent, while small-scale distribution edged down by 0.3 per cent. Non-store retail sales, including online platforms, experienced a 0.9 per cent decrease. Online sales marked a growth of 0.6 per cent over the same period.

ALCHEMPro News Desk (DP)