The Swiss Federal Statistical Office reported that real retail sector rose by 0.8 percent in seasonally adjusted terms in June following a revised 0.5 percent m-o-m gain in May (originally a 0.3 percent m-o-m increase).

In y-o-y terms, real turnover in the retail sector grew by 1.5 percent in June compared to a revised drop of 0.8 percent in the prior month (originally a 0.3 percent decline). That was the first rise in three months and exceeded economists forecast for 1.3 percent y-o-y surge.

According to the report, the real, seasonally adjusted retail sector excluding service stations rose 1.4 percent y-o-y in June. The real, seasonally adjusted retail sales of food, drinks and tobacco recorded an increase of 3.1 percent y-o-y, while non-food sector registered only a 0.1 percent uptick in retail sales turnover.