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Italy’s retail sales, factory orders miss estimates in March

by ChemOrbis Editorial Team -
  • 22/05/2015 (14:59)
According to data released by Italy’s statistics office Istat, the country’s retail sales and factory orders fell below estimates in March. Industrial orders declined 0.3% on the month in March after increasing 0.8% in the previous month. Economists’ initial estimates called for an increase of 0.7%. On a yearly basis, however, industrial orders rose 2.7% compared with an increase of 2% in the previous month.

The country’s retail sales, meanwhile, posted a seasonally adjusted decrease of 0.1% on the month in March, missing economists’ initial estimates which called for an increase of 0.2%. On a yearly basis, sales were also down 0.2%. Sales for non-food products fell 0.8% on the year while food sales rose 0.7%.

In the first quarter of this year, however, retail sales increased 0.3% when compared to the same period of 2014.
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