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The Federal Statistical Office released its retail sales data for Switzerland on Thursday. Retail sales in Switzerland dropped at an annual rate of 1.8% in May, after a 1.6% increase in April.
Sales of food, beverages and tobacco fell at an annual rate of 0.5% in May, while non-food sales plunged 2.2%.
On a monthly basis, retail sales fell by 1.4% in May, after a 2.1% increase in April. Sales of food, beverages and tobacco were down 1.2% in May, while non-food sales dropped 2.1%.
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