Retail sales in Italy unexpectedly shrank in August, the latest data by the National Institute of Statistics showed.
Sales dropped 0.5% from a month ago in August, while offsetting a 0.5% surge in July.
In comparison, a consensus of analyst estimates had pointed to a 0.2% rise.
In August, retail turnover for non-food items dropped 0.7% month-over-month, while food sales were largely unchanged.
In annual terms, Italy’s retail sales went up 0.8% in August, after a 1% surge in July.
The EUR/GBP currency pair settled 0.52% lower at 0.8359 on Friday. For the week, the minor currency pair went up 0.25%.
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