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Financial News: Italy Retail Sales Rise In August

Italy Retail Sales Rise In August

10/07/2020 - 08:21:00 (RTTNews)

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

The retail sales value rose a seasonally adjusted 8.2 percent month-on-month in August, after 6.0 percent fall in July. In June, retail sales grew 12.5 percent.

Sales of non-foods gained 13.8 percent monthly in August and food sales rose 1.6 percent.

On an annual basis, retail sales rose 0.8 percent in August, after a 7.1 percent decrease in the previous month.

Online sales grew 36.8 percent yearly in August.

On a month-on-month basis, the retail sales volume increased 11.2 percent in August, after a 8.5 percent fall in the preceding month.

In volume terms, retail sales remained unchanged year-on-year in August, after a 10.1 percent decrease in the prior month.

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