ITALY DATA: April retail sales fell 1.6% m/m in SA…

ITALY DATA: April retail sales fell 1.6% m/m in SA nominal terms,
posting the second monthly decline as both food and non-food sales
dropped. In y/y terms, retails sales slumped a record 6.8%, down from an
annual rise of 1.5% in March 2012. –The three month-moving average
advanced 0.2% in the months from February to April, compared with the
previous 3 months. –Food sales fell 1.5% m/m and decreased 0.2% y/y;
non-food sales also declined 1.5% m/m and contracted by 2.2% on the
year.