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Financial News: Italy's Retail Sales Fall For Second Month

Italy's Retail Sales Fall For Second Month

09/07/2018 - 07:38:00 (RTTNews)

(RTTNews) - Italy's retail sales dropped for the second straight month in July, the statistical office Istat reported Friday.

Retail sales value decreased 0.1 percent each on a monthly basis in July and June.

July's drop was driven by a 0.3 percent fall in non-food goods sales. Meanwhile, food product sales were up 0.2 percent.

Year-on-year, retail sales value declined for the first time in three months. Sales declined 0.6 percent, reversing June's 1.4 percent increase. Food sales rose 0.2 percent, while non-food sales decreased 1 percent.

In volume terms, retail sales fell 0.2 percent on month and by 1.8 percent annually in July.

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