European Economic News

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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