The Federal Statistical Office released its retail sales data for Switzerland on Monday. Retail sales in Switzerland declined at an annual rate of 0.1% in July, after a 0.9% drop in June.

Sales of food, beverages and tobacco fell at an annual rate of 0.6% in July, while non-food sales dropped 2.7%.

On a monthly basis, retail sales fell by 0.6% in July, after a 1.4% increase in June.

Sales of food, beverages and tobacco were down 0.4% in July, while non-food sales decreased 1.0%.