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Financial News: Swiss Retail Sales Rise In December

Swiss Retail Sales Rise In December

02/01/2021 - 04:43:00 (RTTNews)

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

Retail sales adjusted for sales days and holidays rose by 4.7 percent year-on-year in December.

Sales of food, beverages and tobacco gained 13.3 percent yearly in December and those of non-food sector rose 0.1 percent.

On a monthly basis, seasonally adjusted retail sales rose 2.6 percent in December.

In nominal terms, retail sales grew 3.5 percent annually in December and increased 2.2 percent from a month ago.

In 2020, retail sales rose a nominal 0.1 percent.

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