The Federal Statistical Office released its retail sales data for Switzerland on Thursday. Retail sales in Switzerland declined at an annual rate of 0.3% in August, after a 0.1% rise in July. July's figure was revised up from a 0.1% fall.

Sales of food, beverages and tobacco fell at an annual rate of 0.1% in August, while non-food sales rose 1.1%.

On a monthly basis, retail sales increased by 0.5% in August.

Sales of food, beverages and tobacco were down 0.3% in August, while non-food sales climbed 1.3%.