Mercoledì, 26 Settembre 2018

Italy's retail sales index slumps again in May


Rome, July 4 - Confcommercio's Consumption Index
slumped again in May, with expectations of a recovery delayed at
least until 2014, according to Italy's retailers' association on
The index dropped 3.2% in May compared to the same month in
2012, and declined 0.2% compared to April.
In the first five months of the year it suffered a 4.2%
decline, compared to the 3% drop it registered for the whole of
2012, confirming that the first part of this year has been worse
for retailers than last year, which had posted the biggest
annual decline since the data first started being collected.
Even so, the association said that there were a few
sporadic and isolated signs of recovery, which bode well for the
stabilization of the current economic cycle in coming months.
A full-blown recovery, however, is not to be expected until
next year.

(photo: Confcommercio President Carlo Sangalli)

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