Swiss Retail Sales Decline For First Time In 4 Months

Swiss Retail Sales Decline For First Time In 4 Months

Switzerland's retail sales declined for the first time in four months in July, the Federal Statistical Office reported Monday.

Retail turnover dropped 0.3 percent year-on-year in July, in contrast to a 0.2 percent rise in June. Sales decreased for the first time since March, when it slid 1.2 percent.

On a monthly basis, retail turnover fell 1 percent in July, in contrast to June's 0.3 percent increase. Excluding fuel, sales were down 0.8 percent.

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