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Italian Retail Sales Fall Less Than Expected In May

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.

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