ITALY DATA: November retail sales fell 0.3% m/m in SA nominal terms
on a drop in both food and non-food sales, posting the ninth m/m decline
over a 12-month period. In y/y terms, retails sales fell 1.8%, down from
-1.4% in October. The three month-moving average contracted 0.5% in the
months from September to November, compared with the previous 3 months.
Food sales fell 0.8% m/m and dropped 0.1% y/y; non-food sales fell 0.1%
m/m and contracted by 2.6% on the year.