Italian footwear and clothing continued to suffer from falling consumption in June although the rate of decline eased compared to the previous two months, according to the monthly consumption indicator from Confcommercio, the Italian retail trade association.
The indicator for footwear and clothing fell by 14.4 percent in June compared to the year earlier, after declining by 37.7 percent in May and by 85.0 percent in April, bringing the second quarter contraction to 44.8 percent. In the first quarter, the indicator fell by 15.2 percent as consumption was affected by the outbreak of the Covid-19 pandemic and subsequent lockdown.
Footwear and clothing suffered more in the last quarter than the overall indicator for the consumption of goods, which declined by 4.4 percent in June, 15.3 percent in May and 36.1 percent in April, with a 36.1 percent decline in the second quarter and an 18.4 percent fall in the first. Consumption of goods and services combined decreased by 15.2 percent in June, 28.1 percent in May and 46.8 percent in April, with a 29.7 percent decline in the second quarter and a 10.7 percent drop in the first.