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Financial News: Italy's Retail Sales Fall Unexpectedly In April

Italy's Retail Sales Fall Unexpectedly In April

06/07/2017 - 05:11:00 (RTTNews)

(RTTNews) - Italy's retail sales decreased unexpectedly in April, though marginally, preliminary figures from the statistical office Istat showed Wednesday.

Retail sales edged down 0.1 percent month-over-month in April, after remaining flat in March. In contrast, economists had expected a 0.2 percent rise for the month.

Sales of non-food products fell 0.4 percent over the month, while those of food products grew by 0.4 percent.

On a yearly basis, retail sales climbed 1.2 percent in April, reversing a 0.5 percent drop in the prior month. It was the first increase in five months.

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