Retail sales in Switzerland were reported to have risen at the slowest annual rate since June in November.

Retail sales went up 0.8% year-on-year in November, while slowing from a revised up 1.5% rise in October, the latest data by the Swiss Federal Statistical Office showed.

The actual figure fell short of market consensus of a 1.2% growth.

In November, sales growth slowed for:

– non-food products (0.1% YoY versus 3.2% YoY in October);
– service stations (0.6% YoY versus 2.2% YoY in October).

At the same time, sales growth picked up for food, beverages and tobacco (1% YoY compared to 0.5% YoY in October).

In month-over-month terms, Switzerland’s retail sales went down 0.1% in November.

The Swiss Franc was 0.52% weaker on the day against the Euro, with the EUR/CHF currency pair last trading at 0.9402.