Italy’s retail sales fell in July after rising in the previous month, data from the statistical office ISTAT showed on Friday.

Retail sales declined 0.5 percent in July, after a 1.9 percent rise in June. In May, sales fell 0.6 percent.

Sales of food products dropped 0.1 percent monthly in August and that of non-food goods fell by 0.7 percent.

On an annual basis, retail sales rose 2.6 percent in July, following a 1.3 percent increase in the preceding month.

The material has been provided by InstaForex Company –