Italy's retail sales decreased unexpectedly in May after rebounding in the previous month, the statistical office ISTAT reported Friday.
The sales value dropped 0.4 percent on a monthly basis, reversing a 0.7 percent increase in April. Meanwhile, sales were expected to rise by 0.5 percent.
Retail sales of food goods contracted 0.9 percent in May after rising 1.6 in the prior month. Non-food sales remained flat versus a 0.2 percent gain a month ago.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.