Business
Italy retail sales rise 1.2% m/m in September
Global Banking & Finance Review®
Company
(Reuters) – Italian retail sales rose 1.2% in September from the month before, data showed on Friday, following a 0.3% fall in August.
(Reuters) – Italian retail sales rose 1.2% in September from the month before, data showed on Friday, following a 0.3% fall in August.
National statistics institute ISTAT marginally revised up August’s data from an originally reported 0.5% drop.
Sales rose 0.7% in unadjusted year-on-year terms in September, ISTAT said.
The data are expressed in value terms and are not adjusted for consumer prices, which increased 0.7% in September from the year earlier, based on Italy’s EU-harmonised index (HICP).
ISTAT gave the following data:
Sept Aug July
Mth/Mth change* +1.2 -0.3r +0.6r
Yr/yr change** +0.7 +0.9r +0.9
Food sales (m/m) +1.7 0.0 +0.5r
Non-food sales (m/m) +0.9 -0.6r +0.6r
*seasonally adjusted
**unadjusted
r=revised
(Reporting by Enrico Sciacovelli, editing by Antonella Cinelli)
Month-on-month change measures the percentage change in a particular economic indicator, such as retail sales, from one month to the next. It helps to identify short-term trends in economic activity.
The Consumer Price Index (CPI) measures the average change over time in the prices paid by consumers for goods and services. It is a key indicator of inflation.
ISTAT, the Italian National Institute of Statistics, is responsible for collecting, analyzing, and disseminating statistical information in Italy. It provides essential data for understanding economic and social trends.
Explore more articles in the Business category
