ITALY DATA: Aug retail sales were unchanged m/m in
seasonally-adjusted terms on a drop in non-food sales after posting
three consecutive m/m declines. In y/y terms, retails sales fell 0.3%,
after declining 2.3% in July. –The three month-moving average
contracted 0.4% in the months from June to August, compared with the
previous 3 months. –Food sales gained 0.3% m/m and 1.6% y/y; non-food
sales fell 0.1% m/m and declined 1.2% on the year.