ITALY DATA: Retail sales fell 1.1% m/m in December…
ITALY DATA: Retail sales fell 1.1% m/m in December in SA nominal
terms, and dropped an unadjusted 3.7% y/y, down from -1.8% y/y in
November and the worst y/y fall since March 2009 (-4.2%). –Food sales
fell 1.0 m/m; non-food sales fell 1.2% m/m. –Italy 2011 full-year
average unadj. retail sales -1.3% (+0.2% in 2009) –Italy’s NIC consumer
price index rose 3.3% m/m in December; while the 2011 full-year average
rose 2.8% y/y.