Switzerland: Retail sales growth speeds up in October
November 30, 2020
Retail sales grew 3.1% year-on-year in calendar-adjusted terms in October, which followed September's 0.4% increase. October's reading was partly due to faster growth in food, beverages, and tobacco sales.
In month-on-month terms, retail sales grew 3.2%, the best result since May. Meanwhile, the trend improved, with the annual average variation of retail sales coming in at 0.0%, up from September's minus 0.2% reading.
Author: Oliver Reynolds, Economist