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Financial News: Italy Retail Sales Fall Unexpectedly In November

Italy Retail Sales Fall Unexpectedly In November

01/26/2017 - 05:43:00 (RTTNews)

(RTTNews) - Sweden's retail sales declined unexpectedly in November, after rebounding in the previous month, figures from the statistical office Istat showed Thursday.

Retail sales fell a seasonally adjusted 0.7 percent month-over-month in November, reversing a 1.2 percent increase in October. Meanwhile, economists had expected sales to remain flat during the month.

Sales of food products declined 1.2 percent over the month and those of non-food products dropped by 0.5 percent.

On an annual basis, retail trade rose 0.8 percent in November, in contrast to a 0.1 percent fall in the prior month. It was the first increase in five months.

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