
Retail sales in China grew 1.1% year-on-year in September, accelerating from 0.4% in August, driven primarily by the restaurant sector.
AI-generated summary
Retail sales in China measure consumer spending in the country and are a key indicator of economic health.
Retail sales in China rose 1.1% year-on-year in September, accelerating from the 0.4% increase recorded in August, according to data from the National Bureau of Statistics. In the first nine months of the year, sales of consumer goods grew 1.1%.
The catering sector is more dynamic, with revenues increasing by 2.1% in September and 2.4% between January and September.

The vice-president of Confcommercio, Pasquale Russo, raises the alarm about road transport blockages in the South. Supplies of fresh and perishable products are at risk, with possible economic damage for businesses and consumers.

The European Commission has sent KKR a statement of objections for alleged incorrect information provided during the acquisition of NetCo (TIM's fixed network). The American fund rejects the accusations, confirming the correctness of its actions.

The story of the former Ilva of Taranto, between investigations for environmental disaster, changes of ownership, state commissioners and the challenge of decarbonisation. The future of the steel industry remains uncertain between judicial sentences and an employment crisis.

Negative start to the week for European stock markets, with Milan down 1.7%. The markets are affected by street protests and uncertainty over technology stocks. The euro weakens against the dollar, while the yield on the 10-year BTP rises to 4.53%.

Nicola Zaccheo, president of the Transport Regulatory Authority, denounces the insufficiency of taxi licenses despite the recent increases. It proposes a system of incentives and sanctions for Municipalities and greater regulation of digital platforms.

The European Commission provided KKR with its preliminary opinion that the company provided incorrect or misleading information during the 2024 investigation into the acquisition of NetCo.