Italy’s retail sales declined sharply in March as coronavirus containment measures dampened sale of non-essential commodities, data from the statistical office ISTAT showed on Thursday.
Retail sales value dropped a seasonally adjusted 20.5 percent month-on-month in March, after a 0.9 percent rise in February.
Sales of foods remained unchanged on month in March, non-food sales decreased 36.0 percent.
On an annual basis, retail sales fell 18.4 percent in March, following a 6.1 percent increase in the previous month.
In volume terms, retail sales fell 21.3 percent monthly in March, following a 1.0 percent increase in the prior month.
On a yearly basis, retail sales volume decreased 19.5 percent in March, following a 6.1 percent rise in the preceding month.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
