Italy’s retail sales rebound in January

According to the data from Istat, Italy’s retail sales saw a rebound in January after respective falls in the previous two months.

The data showed that the country’s seasonally adjusted retail sales in January were up by 1.4% on a monthly basis, after a fall of 0.5% in December and beat the economists’ estimates of a slight increase of 0.2%.

The increase in retail sales in January was driven by a monthly increase of 2.3% in sales of food products and 0.8% in sales of non-food products.

Meanwhile, the country’s retail sales in January were down slightly by 0.1% after a drop of 0.2% in December and stood below the expectations of a rise of 0.8%.