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Swiss Retail Sales Rebound In April

Switzerland's retail sales grew by real 3.3 percent in April from the prior year, the Federal Statistical Office reported Monday. The annual growth follows a 0.8 percent drop in March.

Likewise, excluding sales of fuel, retail turnover surged 3.5 percent annually, reversing last month's 0.9 percent decrease in March.

Month-on-month, retail sales gained 1.4 percent in April after staying flat in March, the report showed. Sales of food, beverages and tobacco slipped 1.1 percent, while non-food sales grew 3.1 percent.

by RTTNews Staff Writer

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