In June, retail sales grew 3.7% over the same month last year, which represented a deceleration compared to revised 6.4% expansion observed in May (initially reported: +6.2% year-on-year). However, the reading overshot market expectations that had retail sales increasing a softer 2.0%, and mainly reflected weaker growth in sales of non-food items. On a monthly basis, retail sales increased a seasonally adjusted 0.3% in June, weaker than the 1.1% increase recorded in May, confirming the deceleration suggested by the annual data. Despite the slowdown, the trend continues its upward trajectory, with annual average growth in retail sales growing from 1.6% in May to 1.7% in June.
Retail sales slow down in June
August 2, 2012
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Switzerland Economic News
October 6, 2016
In September, consumer prices increased 0.1% from the previous month, just under market expectations of 0.2%, in a timid rebound from August’s 0.1% decrease.
October 3, 2016
In August, retail sales contracted a seasonally- and working-day adjusted 3.0% over the same month last year.
October 3, 2016
In September, the manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch came in at 53.2 points, beating August’s 51.0 points.
September 30, 2016
Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—edged up from 99.7 points in August to 101.3 points in September.
September 15, 2016
At its 15 September meeting, the Swiss National Bank (SNB) decided to maintain the target range for the three-month Libor at between minus 1.25% and minus 0.25%, which met market expectations.