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Switzerland Retail October 2020

Switzerland: Retail sales growth speeds up in October

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.

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