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Italy retail sales flat in November

First 11 months of 2013 2.1% down on same period in 2012

24 January, 11:50
Italy retail sales flat in November (ANSA) - Rome, January 24 - Italian retail sales were flat in November with respect to October, but they were slightly higher, 0.1%, than in the same month in 2012, national statistics agency Istat said Friday.

Retail sales are an important indicator of the performance of the Italian economy, which is seeking to return to positive growth after two years of recession - the country's longest downturn since World War II.

Istat said retail sales ended a run of two consecutive month-on-month drops in November, thanks largely to an increase in food sales, which were up 0.2% on October and 1.5% on the same month in 2012. The agency said that retail sales were 2.1% down in the first 11 months of last year with respect to the same period in 2012.