ROME (dpa-AFX) - Italy's retail sales decreased unexpectedly in August after remaining stagnant in July, the statistical office ISTAT reported Friday.
The sales value dropped 0.1 percent on a monthly basis versus a flat change in the previous month. Economists had expected sales to remain flat.
The retail sale value of food products and non-food items dropped 0.1 percent in each case. Regarding non-food products, the most significant declines were observed in household appliances, radios, televisions, tape recorders, and pharmaceutical products.
On an annual basis, retail sales growth moderated to an 8-month low of 0.5 percent in August from 1.8 percent in July.
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