Retail sales slow in July

| Sat, 09/29/2007 - 03:39

Retail sales slow in JulyFlash News - Retail sales in July were up by only 0.1% over July 2006 but rose 0.7% over June, national statistics bureau Istat reported on Tuesday.

Food sales in July dipped 0.8% over the same month last year while sales of non-food products climbed 0.6%.

Compared to June, Istat's seasonally adjusted retail sales index fell by 0.2%.

The greatest increases in sales were for footwear and leather goods, up 1.8% over July 2006, as well as photo and optical goods, +1.7%, while sales fell for home appliances, TVs and radios, down 0.9%, and computers and telecommunications. -0.8%, Istat said.

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