• Employment growth is trending up, driven by the increase in  the number of employed people: + 1.0% in the third quarter of 2019.
  • Consumer confidence is improving slightly in December (from 108,6 to 110,8) but  with a more  negative trend  compared to last year.
  • The retail sales index has become positive. 
  • Retail investments have slowed down in Q4 2019, whereas total volumes have remained unchanged compared to 2018.
  • High Street and Factory Outlets  have driven the industry. Milan remains the investments capital.