Italy May retail sales +0.8% vs +0.5% m/m expected

Latest data released by Istat - 6 July 2018

  • Prior -0.7%; revised to -0.6%
  • Retail sales +0.4% vs -4.6% y/y prior

Slight delay in the release by the source. A decent recovery in consumption patterns after the abysmal figures seen in April. A minor data point though, not one that matters all too much given the backdrop of the market today - trade rhetoric and US jobs report focus.

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