Italian Retail Sales Fall More Than Forecast

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.

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