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Italian Retail Sales Fall More Than Forecast

5/23/2013 4:20 AM ET

Italy's retail sales fell 0.3 percent in March from the prior month, data from the statistical office Istat showed Thursday. The rate of decline exceeded a 0.1 percent drop forecast by economists.

An increase of 0.4 percent in food sales was offset by a 0.8 percent fall in non-food sales.

On a yearly basis, retail sales declined 3 percent, it said. During the first quarter, retail trade slipped 0.1 percent from the previous three months.

by RTT Staff Writer

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