Italy Retail Sales Fall In July

Italy’s retail sales fell for the first time in three months in July, data from the statistical office ISTAT showed on Tuesday.

The retail sales value fell a seasonally adjusted 2.2 percent month-on- month in July, after 10.2 percent rise in June.

Sales of non-foods declined 3.2 percent monthly in July and food sales fell 1.0 percent.

On an annual basis, retail sales fell 7.2 percent in July, following a 2.4 percent decrease in the previous month.

Online sales grew 11.6 percent yearly in July.

On a month-on-month basis, the retail sales volume decreased 3.1 percent in July, after a 10.1 percent rise in the preceding month.

In volume terms, retail sales fell 10.2 percent year-on-year in July, following a 3.6 percent decrease in the prior month.

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