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Financial News: Italy Retail Sales Decline Sharply In March

Italy Retail Sales Decline Sharply In March

05/07/2020 - 08:53:00 (RTTNews)

(RTTNews) - 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.

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