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- Swiss retail sales rise in June
Swiss retail sales rise in June
The Swiss Federal Statistical Office reported that real retail sector rose by 0.8 percent in seasonally adjusted terms in June following a revised 0.5 percent m-o-m gain in May (originally a 0.3 percent m-o-m increase).
In y-o-y terms, real turnover in the retail sector grew by 1.5 percent in June compared to a revised drop of 0.8 percent in the prior month (originally a 0.3 percent decline). That was the first rise in three months and exceeded economists forecast for 1.3 percent y-o-y surge.
According to the report, the real, seasonally adjusted retail sector excluding service stations rose 1.4 percent y-o-y in June. The real, seasonally adjusted retail sales of food, drinks and tobacco recorded an increase of 3.1 percent y-o-y, while non-food sector registered only a 0.1 percent uptick in retail sales turnover.
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