Friday, according to provisional results issued by the Federal Statistical Office, Swiss retail sector turnover adjusted for inflation dropped 3.8% in February over the year ago level, much larger than the expected decrease of 0.2%. Meanwhile, adjusted for working days, retail turnover grew 0.2%.

Nominal turnover in the retail sector fell 3.1% in February, while sales adjusted for sales days was 1% above the February 2008 level.

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