Italian retail sales stay flat against expectations

Note: This section contains information in English only.
Source: The Business Times
© Scanpix/Reuters
Retail sales in Italy did not change from the previous month in August of this year, while many experts forecasted the sales to add 0.2%. It is worth pointing out that Italian retail sales missed economists' estimates already for the 14th consecutive month. At the same time, July data was revised positively on both monthly and annual basis. It is expected the recession in Italy to continue in Q3.
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