Switzerland: Retail sales bounce back in March
Latest reading: Retail sales rose 0.6% month-on-month in seasonally adjusted terms in March (February: -1.3% mom). The figure was largely due to a rebound in food, beverages, and tobacco sales. In addition, household equipment sales gained steam.
On an annual basis, retail sales grew 2.2% in March, which was above February’s 1.2% expansion.