Swiss retail sales decreased for the first time in three months in August, data from the Federal Statistical Office revealed on Wednesday.
In real terms, retail sales dropped 0.2 percent on a yearly basis, reversing a 0.9 percent rise in July. Meanwhile, sales were expected to rise by 0.5 percent.
Excluding service stations, total retail sales fell at a stable pace of 0.3 percent.
Sales of food, drinks, and tobacco registered an annual decline of 0.1 percent, and the non-food sector posted a 0.8 percent contraction.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.