FX.co ★ Italy Retail Sales Unexpectedly Drop

Retail sales in Italy experienced a 0.4% decline in May 2025 compared to the previous month, reversing the 0.7% growth observed in April and defying predictions of a 0.5% rise. This downturn was primarily due to a 0.9% decrease in food product sales, which offset the stagnant sales of non-food items. These data align with a 0.5% reduction in sales volume, attributed to relatively stable retail prices during this period. On an annual basis, retail sales rose by 1.3%, driven by a notable 2.5% increase in food goods and a modest 0.4% rise in non-food goods.