Italy's retail trade grew 1.3 percent from a year ago in June 2019, recovering from a 1.8 percent decline in May and exceeding market expectations of a 0.2 percent rise. Main increases were recorded for IT equipment, telecommunications, telephony (7.2 percent) and footwear, leather goods and travel items (4.7 percent). In the second quarter of the year, retail trade went up 1.2 percent over a year ago. Retail Sales YoY in Italy averaged 6.34 percent from 1972 until 2019, reaching an all time high of 90.20 percent in December of 1973 and a record low of -40.90 percent in June of 1986.
Retail Sales YoY in Italy is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Italy to stand at 1.50 in 12 months time. In the long-term, the Italy Retail Sales YoY is projected to trend around 1.70 percent in 2020, according to our econometric models.