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Financial News: Swiss Retail Sales Fall In July

Swiss Retail Sales Fall In July

09/02/2021 - 06:23:00 (RTTNews)

(RTTNews) - Switzerland's retail sales decreased in July, preliminary data from the Federal Statistical Office showed on Thursday.

Retail sales adjusted for sales days and holidays declined 2.6 percent year-on-year in July.

On a monthly basis, seasonally adjusted retail sales declined 2.8 percent in July.

Sales of food, beverages and tobacco fell 4.3 percent yearly in July and sales of non-food decreased 1.5 percent, the agency said.

In nominal terms, retail sales decreased 2.9 percent annually in July and fell 2.6 percent from a month ago.

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