June 27, 2012

Italy retail sales down in April 2012: Istat

Retail sales in Italy decreased in April 2012 from March, reflecting weakness in both food and non-food sales, according to the data released by national statistics institute, Istat.

By admin-demo

Retail sales in Italy decreased in April 2012 from March, reflecting weakness in both food and non-food sales, according to the data released by national statistics institute, Istat.

Seasonally adjusted retail trade sales were down by 1.6% in April, compared to the previous month, when retail sales fell just 0.2%.

April retail sales decline, on a seasonally adjusted basis, is the largest in at least eight years.

Month-on-month, sales of food goods declined 1.5% in April after recording a 0.2% fall in March, while non food goods sales edged down 1.5% April after a 0.2% decrease in the preceding month.

A recent survey of Istat revealed that the trend is likely to continue as Italian consumer confidence fell to a new low in June, descending below an all-time record set in May.

On an unadjusted basis, retail trade sales plunged 6.8% in April from the same month a year ago, offsetting the 1.7% annual increase registered in March.

Content from our partners
Advanced analytics and predicting market trends in FMCG
How smart predictive analytics is shaping product development
Data analysis in the brave new world

Sales of food goods slipped 6.1% year-on-year in April, while non food goods sales declined 7.1% in the month, on annual basis.

During the same month, sales at smaller shops decreased 8.6% from a year earlier, while sales at larger stores fell 4.3%.

The statistics institute said that sales of pharmaceuticals, shoes, clothing and luggage fell the most in April from a year ago.

In the February-April period, retail sales increased 0.2% from the preceding three months, while January-March period also recorded 0.2% growth in sales.

Sales of food goods were up by 0.5% in three months to April, while non food goods sales moved up 0.1% during the period.