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Italy's Retail Sales Fall For Second Month

Italy's retail sales dropped for the second straight month in July, the statistical office Istat reported Friday.

Retail sales value decreased 0.1 percent each on a monthly basis in July and June.

July's drop was driven by a 0.3 percent fall in non-food goods sales. Meanwhile, food product sales were up 0.2 percent.

Year-on-year, retail sales value declined for the first time in three months. Sales declined 0.6 percent, reversing June's 1.4 percent increase. Food sales rose 0.2 percent, while non-food sales decreased 1 percent.

In volume terms, retail sales fell 0.2 percent on month and by 1.8 percent annually in July.

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