Switzerland: Retail sales dip in July
Latest reading: Retail sales declined 0.5% in month-on-month seasonally adjusted terms in July, which contrasted June’s 1.9% increase. Looking at the details of the release, food plus automotive fuel sales decreased in July, driven the overall downturn in retail sales.
On an annual basis, retail sales rose 0.7% in July, which was significantly below June’s 3.9% expansion.