Italy's retail sales stagnated in July after rebounding in the previous month, the statistical office ISTAT reported Friday.
The sales value stalled on a monthly basis, following a 0.7 percent increase in June. Meanwhile, sales were expected to rise by 0.4 percent.
Retail sales of food goods contracted 0.4 percent in July after rising 1.5 in the prior month. Non-food sales grew 0.3 percent versus a 0.1 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.