BRUSSELS (dpa-AFX) - Switzerland's retail sales declined at the steepest rate in eight months in May, data from the Federal Statistical Office showed on Monday.
The retail sales value decreased 1.7 percent year-on-year in May, following a 0.8 percent fall in April.
The latest decline was the weakest since September last year, when sales was 2.8 percent.
Sales of non-food sector declined by 2.9 percent in May and that of food, beverages and tobacco fell by 1.9 percent.
On a month-on-month basis, retail sales fell 1.3 percent in May, after a 0.1 percent rise in the previous month.
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