Retail sales in Switzerland added less than expected

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Source: RTTNews
© Scanpix/Reuters
The Federal Statistical Office reported on Thursday that growth of retail sales in Switzerland slowed its pace last month. Year on year, the turnover of Swiss retail trade increased by 5.4% in September compared to a reading of 6% in the preceding month. Analysts, however, expected that the gauge for goods sold at retail outlets would grow by 6.4%.

Retail sales excluding fuel grew by 5.2%, whereas the previous month's figure was 5.7%. Turnover of food, drinks and tobacco trade witnessed a 2.1% increase, while non-food retail sales grew by 6.8%. Month on month, total Swiss retail sales climbed by 0.4%, which was an unchanged figure from the preceding month.
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