Retail sales in Italy declined less than expected in May, the latest report from the statistical office Istat showed Thursday.
Sales declined 0.2 percent month-on-month in May. The rate of decline was marginally weaker than the 0.3 percent fall expected by economists.
Retail sales of food articles rose 0.4 month-on-month in May. Trade in non-food goods fell 0.4 percent.
On an annual basis, retail sales slipped 2 percent compared to forecast of a 4.7 percent decline.
by RTT Staff Writer
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