Italy’s retail trade index rises 0.3 pct m/m in May; industrial new orders index falls 2.8 pct

Italy’s official statistics office, Istat, released the nation’s retail trade data for the month of May. The retail trade index rose 0.3 percent month-on-month on a seasonally adjusted basis in May.

Food goods recorded a growth of 0.3 percent, while non-food goods also registered a rise of 0.3 percent. The average of the past three months dropped in comparison to the earlier three months by 0.3 percent, according to Istat. The unadjusted index dropped 1.3 percent on a year-on-year basis, stated Istat.

Meanwhile, the statistics office has also released the industrial turnover and orders data for the month of May. The seasonally adjusted turnover index dropped 1.1 percent month-on-month in May. The change in percentage of the average of the past three months as compared with the earlier three months was -0.3 percent.

The industrial new orders index dropped 2.8 percent on a seasonally adjusted basis in May on a month-on-month basis. Domestic market orders dropped 0.6 percent, whereas non-domestic market orders fell 5.7 percent. The average of the past three months, as compared with the earlier three months was -3.1 percent.

On an annual basis, industrial turnover index dropped 2.7 percent, whereas industrial new orders index fell 4.2 percent, according to Istat. Meanwhile, the seasonally adjusted volume turnover index dropped 1.1 percent month-on-month in May.