The Federal Statistical Office released its retail sales data for Switzerland on Monday. Retail sales in Switzerland declined at an annual rate of 0.9% in June, after a 1.8% drop in May.

Sales of food, beverages and tobacco fell at an annual rate of 0.6% in June, while non-food sales rose 0.6%.

On a monthly basis, retail sales rose by 1.4% in June, after a 1.4% decrease in May.

Sales of food, beverages and tobacco were up 0.6% in June, while non-food sales climbed 2.3%.