Switzerland: Retail sales dip in February
Latest reading: Retail sales dropped 0.7% month-on-month in seasonally adjusted terms in February (January: +0.7% mom). The figure was largely driven by a deterioration in food, beverages, and tobacco sales. In contrast, household equipment sales rebounded.
On an annual basis, retail sales rose at a more moderate pace of 1.6% in February (January: +2.9% yoy).