European Economic News

Swiss Retail Sales Stable In April

Switzerland's retail sales were broadly unchanged in April, following strong growth in the previous month, data released by the Federal Statistical Office showed Friday.

Total retail sales edged up a calendar-adjusted 0.1 percent, after March's upwardly revised 4.7 percent growth. Excluding fuel, retail sales fell 0.3 percent, in contrast to March's 4.3 percent gain.

Month-on-month, retail sales dropped 1.7 percent in April, following an upwardly revised 3.1 percent growth in March. Excluding fuel, sales declined 1.8 percent.

by RTTNews Staff Writer

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