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Financial News: Italy's Retail Sales Fall For First Time In

Italy's Retail Sales Fall For First Time In 3 Months

06/08/2021 - 06:19:00 (RTTNews)

(RTTNews) - Italy's retail sales dropped for the first time in three months in April on falling non-food product sales, data from the statistical office Istat showed on Tuesday.

The retail sales value decreased 0.4 percent on a monthly basis, after staying flat in March. This was the first decrease in three months.

On a yearly basis, retail sales value growth accelerated to 30.4 percent from 23.5 percent in the previous month.

Food sales were up 1 percent, while non-food product sales dropped 1.5 percent on month. In volume terms, retail sales dropped 0.5 percent on month in April, reversing a 0.1 percent rise in March. The annual growth surged to 31.5 percent from 24.2 percent a month ago.

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