Switzerland: Retail sales expand at quickest pace since June 2023 in January
Retail sales expanded 0.7% in month-on-month seasonally adjusted terms in January, which contrasted December’s 0.3% decrease. The figure marked the best reading since June 2023. January’s improvement was largely due to notable rebounds in food, beverages, and tobacco sales and household equipment sales.
On an annual basis, retail sales increased 0.3% in January, rebounding from December’s 0.1% fall and marking the best result since June 2023.