ROME (dpa-AFX) - Italy's retail sales declined in January, after rising in the previous month, data from the statistical office Istat showed on Tuesday.
The retail sales value decreased 0.5 percent month-on-month in January, after a 0.8 percent growth in December. Economists had expected a rise of 1.1 percent.
Food sales fell 0.1 percent monthly in January, while non-food product sales declined 0.8 percent.
On a yearly basis, the retail sales value rose 8.4 percent in January, after a 9.8 percent growth in the previous month. The pace of growth slowed for a second straight month.
In volume terms, retail sales decreased 0.7 percent monthly in January, after a 0.4 percent gain in the prior month. The annual growth eased to 7.3 percent from 8.2 percent a month ago.
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