Italy’s retail sales were unchanged in April, indicating that consumer spending remained high at the start of the second quarter, despite high inflation.
Retail sales in Italy were unchanged from March, according to statistics from Istat.
In March, retail sales fell 0.6% on a monthly basis. On an annual basis, retail sales increased 8.4% in April.
The Italian economy, the third largest in the eurozone, grew marginally by 0.1% in the first quarter compared to the previous quarter.
The economy is expected to continue to grow in the second quarter thanks to the normalization of activity after the pandemic, but the uncertainty arising from high inflation or the possibility of interruption of gas imports from Russia, carries risks for the outlook.
Source: Capital
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