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Swiss Retail Sales Fall Further In May

Switzerland's retail sales declined for the third straight month in May, data from the Federal Statistical Office showed on Thursday.

Retail sales fell a working-day-adjusted 1.6 percent year-over-year in May, following a revised 5.5 percent decrease in April.

In nominal terms, retail sales showed no variations in May compared to last year, after a 4.6 percent drop in the previous month.

Sales of food, beverages and tobacco declined 6.8 percent yearly in May, while sales of non-food rose 0.8 percent, the agency said.

On a monthly basis, retail sales increased a seasonally adjusted 1.1 percent in May.

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