Swiss August Retail Sales Growth Accelerates

Swiss August Retail Sales Growth Accelerates

Swiss retail sales grew 5.9 percent year-on-year in August, faster than the revised 2.9 percent rise in July, the Federal Statistical Office said Monday.

Likewise, excluding fuel, sales increased at a faster pace of 5.6 percent after logging an annual 2.8 percent growth last month.

Retail sales of food, drinks and tobacco registered an increase in real turnover of 4.1 percent. At the same time, the non-food sector registered positive growth of 6.3 percent.

On a monthly comparison, real retail turnover recovered in August, up 0.4 percent compared to a 0.6 percent fall in July.