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Italy Retail Sales Fall More Than Forecast

Retail sales in Italy dropped more than expected by economists in July, data released by statistical office Istat showed Wednesday.

Sales fell 0.2 percent month-on-month on a seasonally adjusted basis in July. This was in contrast to no change predicted by economists.

Annually, retail sales dropped 3.2 percent on an unadjusted basis. Economists had forecast a 0.8 percent fall.

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