Italy EUR

Italy Retail Sales MoM

Impact:
Medium

Latest Release:

Date:
Surprise:
0.4%
| EUR
Actual:
0.6%
Forecast: 0.2%
Previous/Revision:
-0.4%
Period: Jun

Next Release:

Date:
Forecast: 0.2%
Period: Jul
What Does It Measure?
The Italy Retail Sales MoM measures the changes in the total sales of retail goods and services in Italy from one month to the next. This indicator focuses primarily on consumer spending, which is a crucial component of the country's economic activity and assesses key areas such as production levels, consumer confidence, and overall economic health.
Frequency
The Retail Sales MoM report is released monthly, typically within the first week of the following month, and consists of preliminary estimates that may be revised in subsequent releases.
Why Do Traders Care?
Traders care about the Retail Sales MoM because it serves as a timely indicator of consumer spending trends which impact financial markets. An increase in retail sales can boost confidence in the economy, leading to a bullish sentiment in the currency and stock markets, whereas a decrease may indicate weakening demand and have bearish implications.
What Is It Derived From?
The Retail Sales MoM is derived from data collected through surveys of a representative sample of retail establishments, encompassing various sectors such as food, clothing, and electronics. It employs methodologies that include weighting according to the size and sales volume of the reporting firms, ensuring a comprehensive view of the retail environment.
Description
The Retail Sales MoM compares sales figures from the previous month, allowing analysts to detect short-term trends and shifts in consumer behavior. It is crucial in assessing the immediate impact of economic factors such as seasonal changes, market promotion, and evolving consumer preferences.
Additional Notes
The Retail Sales MoM is considered a coincident economic indicator, reflecting current economic conditions rather than predicting future trends. It is often compared with consumer confidence indices and other economic reports to gauge the overall economic landscape, particularly within the Eurozone.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
0.6%
0.2%
-0.4%
0.4%
-0.4%
0.5%
0.7%
-0.9%
0.7%
0.2%
-0.4%
0.5%
-0.5%
0.2%
0.1%
-0.7%
0.1%
0.2%
-0.4%
-0.1%
-0.4%
0.1%
0.6%
-0.5%
0.6%
0.1%
-0.4%
0.5%
-0.4%
0.2%
-0.5%
-0.6%
-0.5%
0.9%
1.3%
-1.4%
1.2%
0.2%
-0.3%
1%
-0.5%
0.2%
0.5%
-0.7%
0.5%
0.1%
-0.2%
0.4%
-0.2%
0.2%
0.4%
-0.4%
0.4%
0.2%
-0.1%
0.2%
-0.1%
0.3%
-0.2%
-0.4%
0%
0.2%
0.1%
-0.2%
0.1%
0.2%
0%
-0.1%
1%
0.2%
-0.1%
0.8%
-0.1%
0.2%
0.4%
-0.3%
0.4%
0.1%
0.4%
0.3%
0.4%
0.1%
-0.4%
0.3%
-0.3%
0.4%
-0.4%
-0.7%
-0.4%
0%
0.4%
-0.4%
0.4%
0.2%
-0.2%
0.2%
-0.2%
0.4%
0.6%
-0.6%
0.7%
0.1%
0.2%
0.6%
0.2%
0.3%
0%
-0.1%
0%
0%
0%
-0.1%
-0.7%
1.7%
0.6%
1.7%
-0.2%
-0.2%
1.9%
-0.2%
-0.8%
0.8%
0.6%
0.8%
-0.9%
-0.3%
1.7%
-0.4%
-0.6%
0.5%
0.2%
0.5%
-0.5%
-0.3%
1%
-0.4%
-0.5%
1.3%
0.1%
1.3%
-0.3%
-1.1%
1.6%
-1.1%
-1.1%
2%
1.9%
-1.2%
0.3%
3.1%
0%
0.3%
-0.6%
-0.3%
-0.5%
-0.6%
0.7%
0.1%
0.7%
0.7%
-0.6%
-0.5%
0.3%
0.8%
-0.8%
0.9%
0.6%
-0.4%
0.3%
-0.4%
0.6%
0.1%
-1%
0.1%
0%
1%
0.1%
0.8%
0.8%
0.8%
0.4%
0.7%
-0.3%
-0.3%
-0.4%
0.4%
0.7%
-0.8%
0.7%
0.6%
-0.1%
0.1%
0.2%
1%
-0.1%
-0.8%
-0.4%
0.8%
0%
-1.2%
-0.1%
0.1%
5.9%
-0.2%
6.6%
2.6%
-2.7%
4%
-3%
-3.2%
2.4%
0.2%
2.5%
-2%
-7.3%
4.5%
-6.9%
-0.8%
0.5%
-6.1%
0.6%
0.4%
-0.7%
0.2%
-0.8%
-2.6%
8.2%
1.8%
8.2%
0.7%
-6%
7.5%
-2.2%
5.1%
10.2%
-7.3%
12.1%
2%
24%
10.1%
24.3%
8.6%
-10.7%
15.7%
-10.5%
-12%
-21.3%
1.5%
-20.5%
-12.7%
0.9%
-7.8%
0.8%
0.4%
0.1%
0.4%
0%
-1%
0.5%
1%
0.5%
0.4%
-0.2%
0.1%
-0.2%
0.3%
-0.3%
-0.5%
-0.2%
-0.4%
0.6%
0.2%
0.7%
1.1%
-0.5%
-0.4%
-0.6%
0%
-0.6%
-0.6%
-0.5%
0.4%
1.9%
-0.9%
1.9%
0.4%
-0.6%
1.5%
-0.7%
0.2%
0%
-0.9%
0%
0.2%
-0.3%
-0.2%
-0.3%
0.3%
0.1%
-0.6%
0.1%
0.1%
0.6%
0.5%
0.3%
-0.6%
0.2%
-0.7%
0.7%
0.6%
-1.4%
0.7%
0.2%
0.2%
0.5%
0.1%
-0.2%
-0.8%
0.3%
-0.8%
-0.1%
0.6%
-0.7%
0.7%
0.2%
0%
0.5%
-0.1%
0.2%
-0.1%
-0.3%
-0.2%
0.1%
1.1%
-0.3%
0.8%
0.3%
-0.6%
0.5%
-0.7%
0.2%
-0.2%
-0.9%
-0.2%
0.1%
0.7%
-0.3%
0.4%
0.3%
-0.5%
0.1%
-0.5%
-0.1%
-0.9%
-0.4%
-0.3%
-0.4%
0.9%
0.1%
1.1%
0.3%
-1%
0.8%
-1%
-0.1%
0.8%
-0.9%
0.9%
0.2%
-0.2%
0.7%
-0.3%
0.2%
-0.4%
-0.5%
-0.2%
0.4%
0.6%
-0.6%
0.6%
0.2%
0%
0.4%
-0.1%
0.3%
-0.4%
-0.4%
-0.1%
0.2%
0%
-0.3%
0%
0.2%
-0.2%
-0.2%
-0.3%
-0.1%
1.4%
-0.2%
1.4%
0.1%
-0.5%
1.3%
-0.5%
0.2%
-0.7%
-0.7%
-0.7%
0.1%
1.2%
-0.8%
1.2%
0.4%
-0.5%
0.8%
-0.6%
0%
-0.2%
-0.6%
-0.1%
0.4%
-0.2%
-0.5%
-0.3%
0%
0.3%
-0.3%
0.2%
0.2%
0.3%
0.3%
0.2%
0.1%
0.1%
0.1%
0.2%
-0.6%
-0.1%
-0.6%
0.2%
0.3%
-0.8%
0.3%
-0.1%
0%
0.4%
0%
0.5%
-0.1%
-0.5%
-0.1%
0.5%
0.2%
-0.6%
0.3%
0.2%
-0.3%
0.1%
-0.3%
0.3%
-0.1%
-0.6%
-0.1%
0.5%
0.2%
-0.6%
0.3%
0.3%
0.4%
0.4%
0.2%
-0.4%
0.2%
-0.3%
0.1%
-0.2%
-0.4%
-0.1%
0.1%
0.7%
-0.2%
0.7%
0.24%
-0.1%
0.46%
-0.1%
0.2%
-0.1%
-0.3%