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Italy Retail Sales Grow In February


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Italy’s retail sales rose in February after falling in the previous month, data from the statistical office Istat showed on Friday.

The retail sales value increased 0.7 percent month-on-month in February, after a 0.6 percent drop in January. In December, retail sales rose 0.8 percent.

Food sales declined 0.6 percent monthly in February, while non-food product sales grew 1.7 percent.

On a yearly basis, the retail sales value rose 4.3 percent in February, after a 8.3 percent growth in the previous month.

In volume terms, retail sales increased 0.4 percent monthly in February, after a 0.8 percent gain in the prior month. The annual growth eased to 1.9 percent from 7.2 percent a month ago.

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