Switzerland’s retail sales declined for the first time in four months in July, the Federal Statistical Office reported Monday.
Retail turnover dropped 0.3 percent year-on-year in July, in contrast to a 0.2 percent rise in June. Sales decreased for the first time since March, when it slid 1.2 percent.
On a monthly basis, retail turnover fell 1 percent in July, in contrast to June’s 0.3 percent increase. Excluding fuel, sales were down 0.8 percent.