Switzerland’s retail sales grew for the first time in three months in May as measures to contain the spread of [coronavirus][1] were relaxed, data from the Federal Statistical Office showed on Tuesday.
Retail sales rose a working-day adjusted 6.6 percent year-on-year in May, after an 18.8 percent fall in April.
Sales of food, drink and tobacco gained 20.1 percent yearly in May, while sales of non-food sector fell 1.7 percent.
Other household equipment in the specialized stores grew 18.4 percent. Meanwhile, sales of other goods fell 20.2 percent.
On a monthly basis, seasonally adjusted retail sales increased 30.7 percent in May, after a 13.7 percent fall in the prior month.
In nominal terms, retail sales advanced 5.6 percent annually in May and grew 30.2 percent from a month ago.
For comments and feedback contact: editorial@rttnews.com
[Economic News][2]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][3] to check out our [Econ Scorecard][3] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/list/coronavirus.aspx
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx