In July, retail sales expanded 3.2% over the same month last year, which virtually mirrored the revised 3.3% increase recorded in June (previously reported: +3.7% year-on-year) and overshot market expectations that had retail sales growing 1.2%. The print reflected an improvement in sales of non-food items, while sales of food, beverages and tobacco continued to grow, albeit at a slower pace. However, a month-on-month comparison does not corroborate the positive annual reading, as retail sales dropped a seasonally adjusted 0.4% in July, which contrasted the 0.1% increase recorded in June. Meanwhile, the trend continues its upward trajectory, with annual average growth in retail sales growing from 1.6% in June to 1.8% in July.
Retail sales maintain footing in July
September 3, 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.