Italian Retail Sales Increased in October
December 04 2020 - 5:20AM
Dow Jones News
By Xavier Fontdegloria
Italian retail sales grew in October after falling the previous
month, data from the country's statistics agency Istat showed
Friday.
The retail trade index increased by 0.6% in October compared
with the previous month. The reading beats estimates from
economists polled by FactSet, who expected sales to grow by
0.1%.
In September, retail sales fell by a revised 0.7%.
Italian retail sales in October were 2.9% above the levels
registered a year earlier, the data showed.
With October's increase, retail sales recovered to February's
level, Istat said, the month before the Covid-19 pandemic hit the
country and prompted a health and economic crisis.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
(END) Dow Jones Newswires
December 04, 2020 05:05 ET (10:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.