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- Italian retail sales rose slightly in May
Italian retail sales rose slightly in May
According to the report from Istat, in May 2021 estimates for seasonally adjusted index of retail trade slightly increased by 0.2% in value terms, likewise volume rose by 0.4% in the month on month series. Despite the growth, in May 2021 total retail sales levels for both value and volume were still lower than pre-pandemic levels of February 2020.
In the three months to May 2021 value of sales increased by 3.3% when compared with the previous three-month period, while volume was up 3.5%.
Year on year, value of retail trade continued its growth, increasing by 13.3% and volume sales grew by 14.1% comparing to May 2020, when non-essential retail stores were partially closed due to pandemic restrictions.
In May 2021, all channels of distribution increased when compared with May 2020. Large-scale distribution was up 8.3%, small-scale distribution grew by 19.5% and non-store retail sales rose by 19.4%.
In May 2021, year on year online sales showed the slowest growth since November 2019, rising by +7.2%. This slowdown in growth rate is ascribable to the extraordinary high growth of sales seen in May 2020, when the Covid-19 crisis first set off the surge in online sales. However internet sales remained significantly higher than pre-pandemic levels in May 2021.
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