Switzerland: Retail sales rebound in June
August 2, 2017
In June, retail sales rose a seasonally and working-day adjusted 1.5% from the same month last year, rebounding from a 0.8% contraction in May. An increase in sales of food, drinks and tobacco drove June’s result.
On a monthly basis, retail sales adjusted for seasonal factors rose 0.8% in June, following a 0.5% increase in May. The annual average variation in retail sales followed suit rising to minus 1.0% in July from minus 1.4% in June.
Author: Nihad Ahmed, Economist