The Federal Statistical Office released its retail sales data for Switzerland on Tuesday. Retail sales in Switzerland were down at an annual rate of 0.8% in October, missing expectations for a 0.4% rise, after a 0.2% increase in September.

Sales of food, beverages and tobacco fell at an annual rate of 0.3% in October, while non-food sales rose 0.5%.

On a monthly basis, retail sales increased by 0.3% in October, after a 0.1% rise in September.

Sales of food, beverages and tobacco declined 0.2% in October, while non-food sales increased 0.7%.