The Federal Statistical Office released its retail sales data for Switzerland on Monday. Retail sales in Switzerland rose at an annual rate of 1.6% in April, after a 2.4% decline in March.

March's figure was revised up from a 2.8% drop.

Sales of food, beverages and tobacco fell at an annual rate of 0.4%, while non-food sales increased 3.9%.

On a monthly basis, retail sales excluding petrol prices climbed by 2.2% in April. Sales of food, beverages and tobacco were up 1.4%, while non-food sales rose 3.9%.