Statistics institute Istat showed, that in March of this year, Italy’s seasonally-adjusted retail trade index showed stability in month-over-month (MoM) value terms, maintaining equality, although volume dropped by 0.1%.
This year’s first quarter (Q1) saw a decline in sales value while volume decreased by 0.4% every quarter (QoQ).
March had a 2% gain in the value of retail trade, continuing the upward trajectory in the year-over-year (YoY) series and maintaining the upward trend that began in March 2021.
Accordingly, sales volume demonstrated consecutive growth for the second month, expanding by 0.3%, the Istat said.
While small-scale distribution dropped by 1.5% year over year and non-store retail sales fell by 2.6% year over year in March of this year, large-scale distribution saw growth of 6.1% YoY.
Notably, in March of this year, internet sales showed a decline of 2.4% YoY following a five-month increasing trend.
