Euro area GDP down 11.8% in the second quarter of 2020
Istat: signs of recovery from May, better exports and manufacturing
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In addition to online commerce, only sales in food discount stores are increasing, which show a jump of 2.7% compared to last year, in sharp contrast with all the other traditional distribution channels that are instead in decline.
This is what emerges from a Coldiretti analysis disclosed on the occasion of the dissemination of Istat data on the decline in retail trade in July.
"A situation that - underlines Coldiretti - highlights the difficult situation in which Italian families find themselves who direct their expenses on low cost channels and on essential goods such as food and drinks."
"Food - specifies Coldiretti - are in fact the goods that record a greater resilience in the retail trade with a drop in July of just 1%, both compared to the previous month and the same month last year. A sustained trend in reality - explains Coldiretti - also from the collapse of consumption outside the home in bars, restaurants and canteens due to the concern of contagion, smart working and lower economic resources that have favored the purchase of food to be consumed at home.
" However, the balance remains heavily negative according to Coldiretti, which highlights an overall cut in Italian spending at the table, at home and away from home, of as much as 24 billion in 2020 due to the coronavirus emergency, based on calculations on Ismea data.