Italy March retail sales -20.5% vs -15.0% m/m expected

Latest data released by Istat – 7 May 2020
– Prior +0.8%; revised to +0.9%
– Retail sales -18.4% y/y
– Prior +5.7%; revised to +6.1%
Slight delay in the release by the source. Those are some awful numbers but it reflects the nationwide lockdown in Italy that started on 9 March, so there's that to consider.

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