In the retail sector, both in terms of value and volume, Italy anticipates a seasonally adjusted decline in August 2023, with a decrease of 0.4% in value and 0.5% in volume. This dip is observed in both food sales (down by 0.2% in value and 0.7% in volume) and non-food sales (decreasing by 0.3% in value and 0.4% in volume).
Key Highlights for August 2023:
- Overall Decline: Retail sales experience a monthly contraction of 0.4% in value and 0.5% in volume.
- Food Sales: Decline by 0.2% in value and 0.7% in volume.
- Non-Food Sales: Drop by 0.3% in value and 0.4% in volume.
Quarterly Performance (June-August 2023):
- Value Increase: Retail sales rise by 0.4%.
- Volume Decrease: Sales decline by 1.0%.
- Food Sales: Increase by 1.3% in value but decrease by 0.7% in volume.
- Non-Food Sales: Decrease by 0.2% in value and 1.1% in volume.
Year-on-Year Trends (August 2023):
- Value Increase: Retail sales see a 2.4% growth.
- Volume Decrease: Sales decline by 4.1%.
- Food Sales: Value increases by 5.6%, but volume decreases by 4.1%.
- Non-Food Sales: Record negative variations, down by 0.3% in value and 4.2% in volume.
Non-Food Product Categories (YoY Trends):
- Growth: Perfumery and personal care products see the highest growth at 4.7%.
- Decline: Appliances, radios, TVs, and recorders witness the most substantial decline, down by 6.9%.
Comparison with August 2022:
- Positive Growth: Retail sales value grows for large-scale distribution (+4.8%), sales outside of stores (+1.3%), and e-commerce (+1.4%).
- Slight Decline: Sales dip slightly for small-scale businesses (-0.2%).