The seasonally adjusted index for retail trade in October 2024 showed a slight dip, with value terms declining by 0.5 per cent and volume falling by 0.8 per cent compared to September, as per the Italian National Institute of Statistics (Istat).
Despite the monthly decline, a positive trend emerged over the three months to October 2024, with retail sales value increasing by 0.6 per cent and sales volume rising by 0.3 per cent.
Year-on-Year (YoY) data revealed robust growth, as the value of retail trade climbed 2.6 per cent and volume grew 1.5 per cent. Sector-specific performances varied, with large-scale distribution recording a strong 3.2 per cent growth, while small-scale distribution rose by 1.9 per cent. Conversely, non-store retail sales declined by 0.4 per cent. Online sales continued to gain momentum, surging by 4.7 per cent YoY.
Non-food product categories delivered mixed results. Shoes, leather goods, and travel items suffered the most significant drop, with a 1.9 per cent YoY decrease.
In October 2024, Italy’s retail trade index fell by 0.5 per cent in value and 0.8 per cent in volume.
Over three months, sales value rose 0.6 per cent and volume by 0.3 per cent.
Year-on-Year, retail value grew 2.6 per cent and volume 1.5 per cent.
Large-scale distribution saw 3.2 per cent growth, online sales surged 4.7 per cent, while non-store sales fell 0.4 per cent.
Fibre2Fashion News Desk (HU)
