Italy Retail Sales Fall In February As Food Buying Contracts

By Reuters
Share this article
Italy Retail Sales Fall In February As Food Buying Contracts

Italy's retail sales fell both in value and in volume in February from the month before, statistics institute ISTAT said, as families cut down on food purchases.

The value of sales dropped by 0.1% in February following a 1.7% monthly rise in January, while volume was down 0.9%, data showed.

Driving the overall slowdown, food sales fell in February by 0.3% in value and 1.8% in volume from the previous month.

'The monthly decline of February was, for the first time in five months, extended also to the value of food sales,' ISTAT said in a note.

In unadjusted year-on-year terms, retail sales rose 5.8% in value in February, maintaining the recent trend of increasing value and decreasing volume from the year earlier, ISTAT added.


In volume terms sales were down 3.5%.

Read More: Top 10 Supermarket Retail Chains In Italy

"Families keep spending more and more to buy less and less, and a clear example of this comes from food sales," said Carlo Rienzi, president of consumer rights' body Codacons.

Consumer prices increased by 9.8% in February from the year earlier, based on Italy's EU-harmonised index (HICP).


Elsewhere, Italian rice output is set to fall in 2023 as farmers facing a second year of drought reduce the land dedicated to the crop to the lowest for more than two decades, accordiing to agricultural groups.

Italy cultivates about 50% of the rice produced in the European Union and is the world's only grower of types most suitable for risotto, such as Arborio and Carnaroli.

News by Reuters, edited by by ESM – your source for the latest retail news. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.