Retail sales in Italy declined during the month of July, defying expectations for a flat reading, as shoppers held back spending, not contributing enough to help the country’s stalling economic recovery.
Italy’s retail sales in Italy edged back 0.3 percent in July compared to the previous month and were 0.2 percent lower than the same month in 2015, data released by the country’s statistics agency Istat showed Monday. While monthly data are volatile, economists had been expecting a flat July reading and a 0.3 percent year-on-year improvement.
However, sales in June had been positive, up 0.3 percent compared to May and 0.8 percent higher than in June 2015.
Meanwhile, the country’s Prime Minister Matteo Renzi has staked his political career o persuade voters to back his campaign in the country’s upcoming referendum on constitutional reform. Also, Italy’s cabinet is today expected to set a date for the vote, likely in late November or early December.


Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Thailand Inflation Remains Negative for 10th Straight Month in January 



