2019.09.0207:21:00UTC+00Swiss Retail Sales Growth Fastest In 9 Months

Switzerland's retail sales grew at the fastest pace in nine months in July, data from the Federal Statistical Office showed on Monday.

Retail sales rose a working day adjusted real 1.4 percent year-on-year in July, following a 0.7 percent increase in June.

The latest increase in sales was the highest since October last year, when sales showed a similar growth.

Retail sales of non-food sector grew 2.4 percent annually in July and those of food, beverages and tobacco rose 1.0 percent.

On a monthly basis, retail sales fell 0.1 percent in July, after a 1.2 percent rise in the previous month.

In nominal terms, retail sales rose 1.5 percent annually in July and increase 0.1 percent from a month ago.