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Financial News: Swiss Retail Sales Grow For Second Month

Swiss Retail Sales Grow For Second Month

12/02/2019 - 06:13:00 (RTTNews)

(RTTNews) - Switzerland's retail sales grew for a second straight month in October, but at a slower pace, data from the Federal Statistical Office showed on Monday.

Working-day adjusted retail sales annual growth more than halved to 0.7 percent in October from 1.6 percent in September. In August, sales fell 0.5 percent.

Sales of non-food sector grew 2.8 percent annually in October, while those of food, beverages and tobacco fell 0.9 percent.

On a monthly basis, retail sales rose 1.0 percent in October, after a 0.2 percent fall in the previous month. Sales rose for the first time in four months.

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