Retail sales in Italy declined by 0.4% month-over-month in November 2024, following a 0.5% drop in October and defying market expectations of a 0.2% increase.
Italy retail sales decline in November
Sales of food products fell at a slower rate (-0.1% vs -0.7% in October), while non-food product sales continued to decline (-0.7% vs -0.3%). The data may add to concerns over Italy's economic momentum heading into 2025, with policymakers potentially facing additional challenges in sustaining domestic demand. Analysts will likely look to December’s holiday season performance for further insights into consumer confidence and spending trends.
YoY figures
Year-on-year, retail sales grew by 1.1% in November, slowing from the 15-month high of 2.6% recorded in October.
