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Italy's retail sales fall most since April
RTTNews reports that according to the report from statistical office Istat, Italy's retail sales declined at the fastest pace in seven months in November driven by weak demand for non-food products.
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.
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