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Financial News: Swiss Retail Sales Rise In April

Swiss Retail Sales Rise In April

06/01/2021 - 05:07:00 (RTTNews)

(RTTNews) - Switzerland's retail sales increased in April, preliminary data from the Federal Statistical Office showed on Tuesday.

Retail sales adjusted for sales days and holidays grew by 35.7 percent year-on-year in April.

Sales of food, beverages and tobacco gained 13.3 percent yearly in April and those of non-food sector surged 73.5 percent.

On a monthly basis, seasonally adjusted retail sales declined 4.4 percent in April.

In nominal terms, retail sales increased 34.8 percent annually in April and fell 4.3 percent from a month ago.

The latest nominal annual growth in retail sales was the sharpest since the start of the series in January 2000, the agency said.

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