Switzerland: Retail sales rebound in February
April 3, 2017
In February, retail sales increased a seasonally and working-day adjusted 0.6% from the same month of last year, rebounding from the 1.2% drop registered in January and marking a three-month high.
On a monthly basis, retail sales adjusted for seasonal factors also increased 0.6% in February, matching January’s result. The annual average variation in retail sales inched up from minus 1.9% in January—the worst result on record—to minus 1.8% in February, still painting a bleak picture of the Swiss retail sector despite the minor improvement.