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Italian retail sales suffered biggest drop on record in 2013

Dropped 2.1% with respect to 2012

25 February, 11:06
Italian retail sales suffered biggest drop on record in 2013 (ANSA) - Rome, February 25 - Retail sales in Italy suffered their biggest drop on record in 2013, national statistics agency Istat said Tuesday.

The agency said retail sales were 2.1% down last year with respect to 2012, the largest fall since it started using its current calculation method in 1990.

Food sales were down 1.1% last year, Istat said.

Italy emerged from its longest postwar recession in the second half of 2013, but economists are warning that the recovery is weak.

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