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Italy retail sales rise 0.9% m/m in December

Italy retail sales rise 0.9% m/m in December
Italy retail sales rise 0.9% m/m in December   -   Copyright  Thomson Reuters 2022
By Reuters

– Italian retail sales rose 0.9% in December from the month before, data showed on Tuesday, following a 0.4% fall in November.

Sales rose 9.4% in unadjusted year-on-year terms in December, ISTAT said.

The data are expressed in value terms and are not adjusted for consumer prices, which increased 4.2% in December from the year earlier, based on Italy’s EU-harmonised index (HICP).

ISTAT gave the following data:

Dec Nov Oct

Mth/Mth change* 0.9 -0.4 0.3r

Yr/yr change** 9.4 12.4r 4.0

Food sales (m/m) 1.7 -0.5r 0.0

Non-food sales (m/m) 0.3 -0.1r 0.3r

*seasonally adjusted

**unadjusted

r=revised