The Federal Statistical Office released its retail sales data for Switzerland on Monday. Retail sales in Switzerland were down at an annual rate of 1.3% in March, after a 0.4% decrease in February. February's figure was revised down from a 0.2% fall.

Sales of food, beverages and tobacco climbed at an annual rate of 1.5% in March, while non-food sales dropped 5.7%.

On a monthly basis, retail sales fell by 0.3% in March, after a 0.6% drop in February. February's figure was revised down from a 0.4% fall.

Sales of food, beverages and tobacco declined 0.3% in March, while non-food sales dropped 1.6%.