RTTNews reports that according to the report from statistical office Istat, Italy's retail sales declined at the fastest pace in seven months in November driven by weak demand for non-food products.
Retail sales value decreased 6.9 percent month-on-month in November, reversing a 0.5 percent rise in October. This was the biggest decline since April, when sales were down 10.1 percent.
Sales of food products gained 1 percent, while that of non-food goods declined sharply by 13.2 percent as footwear, leather and travel item sales decline significantly in November.
On a yearly basis, retail sales value was down 8.1 percent, in contrast to October's 2.8 percent increase.