FX.co ★ Italy Retail Sales Rise 0.4% In October

Italy's retail sales increased for the first time in three months in October, preliminary data from the statistical office ISTAT reported Thursday.

The sales value rose 0.4 percent month-on-month in October, reversing a 0.4 percent decrease in September. Economists had expected a 0.1 percent slight recovery for the month.

Retail sales of food items increased by 0.6 percent, and those of non-food goods gained by 0.2 percent.

The annual growth in retail sales slowed to 0.3 percent from 1.2 percent in September.