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Italy’s retail sales rise, industrial orders fall in January

by ChemOrbis Editorial Team -
  • 27/03/2015 (14:14)
Italy’s retail sales grew at a faster pace in January, according to data from the country’s statistical office ISTAT. A report released by ISTAT showed that retail sales rose 1.7% on the year after increasing 0.1% in December. Economists’ initial estimates called for a decrease of 0.3%. On a monthly basis, retail sales climbed 0.1% in January.

The country’s food sales increased 0.4% on a monthly basis while non-food sales remained stable.

Meanwhile, according to a separate report compiled by ISTAT, Italy’s industrial orders declined 3.6% month over month in January after increasing 4.5% in the previous month. A 9% decline in export markets were blamed for the decrease. However, domestic orders advanced 0.7% in January.

On a yearly basis, the country’s industrial orders dropped 5.5% in January compared with a 5.8% increase in December.
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