Italy’s retail sales fell -0.4% MoM in value and -0.5% MoM in volume in May 2025, continuing a soft trend in consumer activity.

• Retail sales rose +1.3% YoY in value but declined -0.3% YoY in volume.
• In the 3-month period to May, sales slipped -0.1% in value and -0.5% in volume vs the prior 3 months.
• Large-scale retail sales rose +3.2% YoY, while small-scale retail fell -0.4%; non-store sales were flat, and online sales declined -0.9%.
• Cosmetics (+4.3% YoY) and optical goods (+2.7%) saw the strongest gains among non-food items.
• Books/newspapers (-3.5%) and telecom/computer equipment (-2.6%) posted the sharpest declines.