Cyclical downturn in June for Italian retail sales. According to data released by Istat, in June sales recorded a decline of 1.1% in value and 1.8% in volume. Sales of non-food goods decreased both in value (-2.2%) and in volume (-2.5%), while for food goods there was an increase in value (+ 0.4%) and a decrease in volume (-0.8%). On an annual basis, retail sales increased 1.4% in value and contracted 3.8% in volume. Sales of non-food goods decreased (-0.8% in value and -3.3% in volume) while those of food goods recorded an increase in value (+ 4.5%) and a decrease in volume (- 4.4%).