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Posted August 11, 2018 09:20:19 The Italian market has been one of the hottest markets in Europe for quite some time now, and it has now been surpassed by the UK.
According to market research firm MacroData, the Italian retail sector saw a record 7.6% rise in its market value, as the global economy was still in recession.
According the firm, the increase in Italian retail sales was the highest on record and the fastest since the financial crisis in 2007.
Accordingly, this has led to the Italian sector being one of Europe’s fastest growing.
It also comes amid growing concerns over rising inflation and the risk of the UK exiting the EU if the EU’s Brexit talks with the 27-nation bloc fail to come to a conclusion by the end of September.
A further 7.1% rise was also reported by the data provider Fitch Ratings on August 11, a record increase.
The UK also had a strong showing in the Italian markets, according to market analyst Niklas Stokke.
The British market saw a 5.3% increase in its value, while France saw a 6.4% increase.
However, the French market was the fastest growing, at 9.4%.
The UK’s share of Italian retail market rose to a record 23.5%, while the British share of British retail market fell to 16.9%.
According to MacroData research, the average retail sales growth in Italy was 2.9% in the third quarter of 2018.
It has also been the strongest growth in Europe.
The market in Britain is also the fastest-growing in the world, with an average annual growth rate of 4.4%, compared to 3.6%, for the Italian, according MacroData.