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Swiss retail sales growth slows in January
Swiss retail sales growth eased sharply in January, the latest figures published by the Federal Statistical Office revealed Monday.
Retail sales increased 1.9 percent year-on-year in real terms in January, much slower than a 4.7 percent gain in December. Excluding fuel, sales were up 1.9 percent.
Retail sales of food, drinks and tobacco registered an increase in real turnover of 1.4 percent while the non-food sector registered a growth of 1.7 percent.
In January, seasonally adjusted turnover in the retail sector fell 0.5 percent compared with the previous month. Excluding fuel, the retail sector showed a month-on-month decline of 0.1 percent in sales.
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