Switzerland: Retail sales remain in the doldrums in May
May 31, 2019
Calendar-adjusted real retail sales fell 0.7% in annual terms in April, matching March’s decline. April’s dip was driven mainly by a notable drop in sales in the non-food sector.
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales increased 0.2% in April, higher than the upwardly revised flat reading registered in the month prior. Meanwhile the annual average variation in retail sales fell 0.3% in April.
Author: Steven Burke, Economist