Italy's tertiary sector losing 260 firms a day - retailers

(ANSA) - Rome, December 22 - Recession-hit Italy is losing around 260 firms a day in the tertiary sector, retailers' association Confcommercio said on Monday. "The number of companies closing in the tertiary sector is increasingly higher than the new companies," Confcommercio said in a report.
    According to the study, Italy had 78,000 tertiary businesses less after the first 10 months of the year, when the difference between closures and new firms is accounted for. It said that this means an average of 260 firms were disappearing each day.