Italy's retail trade dips in October 2024

The seasonally adjusted index for retail trade in October 2024 showed a slight dip, with value terms declining by 0.5 per cent and volume falling by 0.8 per cent compared to September, as per the Italian National Institute of Statistics (Istat).

Despite the monthly decline, a positive trend emerged over the three months to October 2024, with retail sales value increasing by 0.6 per cent and sales volume rising by 0.3 per cent.

Year-on-Year (YoY) data revealed robust growth, as the value of retail trade climbed 2.6 per cent and volume grew 1.5 per cent. Sector-specific performances varied, with large-scale distribution recording a strong 3.2 per cent growth, while small-scale distribution rose by 1.9 per cent. Conversely, non-store retail sales declined by 0.4 per cent. Online sales continued to gain momentum, surging by 4.7 per cent YoY.

Non-food product categories delivered mixed results. Shoes, leather goods, and travel items suffered the most significant drop, with a 1.9 per cent YoY decrease.

ALCHEMPro News Desk (HU)