01.10.201907:31:00UTC+00Swiss Retail Sales Lowest In 11 Months

Switzerland's retail sales declined at the fastest pace in eleven months in August, data from the Federal Statistical Office showed on Tuesday.

Retail sales declined a working day adjusted 1.4 percent year-on-year in August, reversing a 1.5 percent rise in July.

The latest decline in sales was the lowest since September last year, when it fell 2.9 percent.

Sales of non-food sector declined 1.0 percent annually in August and those of food, drinks and tobacco registered a decrease of 0.8 percent.

On a monthly basis, retail sales fell a seasonally adjusted 1.6 percent in August, following a 0.3 percent drop in the previous month. Sales decreased for a second straight month.

In nominal terms, retail sales decreased 1.3 percent annually in August and fell 1.6 percent from the previous month.