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Italy Retail Sales Rebound More Than Expected

Italy’s retail sales increased at a faster-than-expected pace in November, after falling in the previous month, preliminary data from the statistical office Istat showed Thursday.

Retail sales climbed 1.1 percent month-over-month in November, reversing a 1.0 percent decrease in October. That was just above the 1.0 percent rise economists had forecast.

Sales of food products grew 1.1 percent over the month and those of non-food sales went up by 1.0 percent.

On a yearly basis, retail sales rose 1.4 percent in November, in contrast to a 2.3 percent fall in the previous month.

In volume terms, retail sales advanced 0.8 percent monthly and by 0.6 percent yearly in November.

The material has been provided by InstaForex Company – www.instaforex.com