Italy Retail Sales Fall Unexpectedly In November

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Retail sales in Italy dropped 1.3% year-on-year in November, reversing the 0.4% increase in the previous month, the statistical office ISTAT reported on Tuesday. Economists had expected a 0.6% increase in sales.

On a monthly basis, retail sales were flat for the third straight month in November. Economists had expected sales to rise 0.1%. Sales in the food sector grew 0.5%, while those in the non-food sector slid 0.2%.

Retail sales in Italy dropped 1.3% year-on-year in November, reversing the 0.4% increase in the previous month, the statistical office ISTAT reported on Tuesday. Economists had expected a 0.6% increase in sales. (Market News Provided by RTTNews)