✉news BusinessRetail first seen 9 h ago, last 9 h ago, peak #33
Italy retail sales rise in value but fall in volume
Original: AMAN - ANSA - Retail sales up 0.5% yr-on-yr in value in August, but down 1% in volume - Istat
Italy's statistics agency Istat reported retail sales in August rose 0.5% year-on-year in value but fell 1% in volume, according to figures carried by ANSA. The gap suggests shoppers are paying higher prices while buying fewer goods, pointing to persistent pressure on household consumption from inflation despite a nominal increase in spending.
Why now: Fresh inflation-sensitive economic data on Italian consumer spending.
Evidence
- AMAN - ANSA - Retail sales up 0.5% yr-on-yr in value in August, but down 1% in volume - Istat · Alliance of Mediterranean News Agencies
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