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Italy's Retail Sales Fall Most Since April

Italy's retail sales declined at the fastest pace in seven months in November driven by weak demand for non-food products, the statistical office Istat reported Tuesday.

Retail sales value decreased 6.9 percent month-on-month in November, reversing a 0.5 percent rise in October. This was the biggest decline since April, when sales were down 10.1 percent.

Sales of food products gained 1 percent, while that of non-food goods declined sharply by 13.2 percent as footwear, leather and travel item sales decline significantly in November.

On a yearly basis, retail sales value was down 8.1 percent, in contrast to October's 2.8 percent increase.

In volume terms, retail sales fell 7.4 percent on month, following a 0.2 percent rise in October. Likewise, sales decreased 8.4 percent annually after rising 2.4 percent a month ago.

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