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Financial News: Swiss Retail Sales Recover In August

Swiss Retail Sales Recover In August

10/01/2018 - 07:19:00 (RTTNews)

(RTTNews) - Switzerland's retail sales expanded in August after contracting a month ago, the Federal Statistical Office reported Monday.

Retail turnover advanced 0.4 percent on year in August, in contrast to a 0.9 percent fall in July.

Sales of food, beverages and tobacco climbed 0.9 percent, whereas non-food sales excluding fuel declined 0.6 percent.

Month-on-month, retail turnover gained 0.3 percent, in contrast to a 1.4 percent decrease in July.

In nominal terms, retail turnover grew 0.3 percent on month, taking the annual growth to 1.1 percent in August.

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