In May, retail sales jumped 6.2% over the same month last year, which was well above the 0.2% increase seen in April and overshot market expectations of a 5.0% rise. The figure marked, in fact, the fastest growth rate since September 2008. The May acceleration was broad-based, but mostly reflected strong growth in sales of non-food items. A month-on-month comparison confirms the strong expansion suggested by the annual figures, as retail sales expanded a seasonally adjusted 1.0% in May, which contrasted the 1.3% contraction recorded in April. As a result of the monthly acceleration, the trend resumed its upward trajectory, with annual average growth in retail sales rising from 1.1% in April to 1.6% in May.
Retail sales soar in May
July 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.