Italy November retail sales +0.7% vs +0.1% m/m prior
Latest data released by Istat - 10 January 2019
- Prior +0.1%; revised to +0.2%
- Retail sales +1.6% y/y
- Prior +1.5%
Slight delay in the release by the source. Consumption activity holds up and that will at least provide some relief to Italian investors. However, the fact remains that Italy's economy is still seen relatively weak at the moment and that's not a good sign for this year's outlook especially with government debt still ballooning.