FX.co ★ Italy Retail Sales Rise In July

Italy's retail sales increased in July after falling in the previous month, data from the statistical office Istat showed on Wednesday.

The value of retail sales climbed 1.3 percent month-on-month in July, reversing a 1.1 percent fall in June.

Sales of non-food goods rose 1.3 percent monthly in July, and food product sales gained 1.2 percent.

On a yearly basis, the value of retail sales rose at a faster pace of 4.2 percent in July, following a 1.3 percent increase in the prior month. Sales have been rising since March 2021.

Online sales were 20.8 percent higher in July compared to last year, in contrast to a 6.9 percent fall in the prior month.

In volume terms, retail sales rebounded 1.0 percent monthly in July, after a 1.7 percent decrease in June. Yearly, retail sales dropped 0.9 percent versus a 3.9 percent decline a month ago.