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Financial News: Italy Retail Sales Rise In May

Italy Retail Sales Rise In May

07/07/2021 - 06:54:00 (RTTNews)

(RTTNews) - Italy's retail sales rose in May after falling in the previous month, data from the statistical office Istat showed on Wednesday.

The retail sales value increased 0.2 percent month-on-month in May, after a 0.1 percent fall in April. In March, sales grew 0.3 percent.

On a yearly basis, retail sales value rose a 13.3 percent in May, after a 30.4 percent growth in the previous month.

Food sales declined 2.0 percent monthly in May, while non-food product sales grew 2.0 percent.

In volume terms, retail sales gained 0.4 percent on month in May, after a 0.3 percent rise in April. The annual growth eased to 14.1 percent from 31.5 percent a month ago.

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