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Italy Retail Sales Fall In February As Food-Buying Contracts

By Donna Ahern
Italy Retail Sales Fall In February As Food-Buying Contracts

Italy's retail sales fell both in value and in volume in February from the month before, statistics institute ISTAT said on Wednesday, as families cut down on food purchases.

The value of sales dropped by 0.1% in February following a 1.7% monthly rise in January, while volume was down 0.9%, data showed.

Read More: DS Smith Tackles Emissions, Energy Prices Spike With New Plant In Italy

Food Sales Fall 

Driving the overall slowdown, food sales fell in February by 0.3% in value and 1.8% in volume from the previous month.


"The monthly decline of February was, for the first time in five months, extended also to the value of food sales," ISTAT said in a note.

In unadjusted year-on-year terms, retail sales rose 5.8% in value in February, maintaining the recent trend of increasing value and decreasing volume from the year earlier, ISTAT added.

Volumes Sales 

In volume terms sales were down 3.5%.

"Families keep spending more and more to buy less and less, and a clear example of this comes from food sales," said Carlo Rienzi, president of consumer rights' body Codacons.


Consumer prices increased by 9.8% in February from the year earlier, based on Italy's EU-harmonised index (HICP).

Rice Output

Oh the 27 March, it was reported that Italian rice output is set to fall in 2023 as farmers facing a second year of drought reduced the land dedicated to the crop to the lowest for more than two decades, agricultural groups warned.

Read More: Italy To Cut Rice Output As Drought Looms For Second Year

News by Reuters, edited by Donna Ahern, Checkout – your source for the latest Irish retail news. For more retail news, click here. Click subscribe to sign up for the Checkout print edition.

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