Switzerland: Retail sales rise in December
Latest reading: Retail sales grew 0.6% month-on-month in seasonally adjusted terms in December (November: 0.0% mom). December’s print marked the best reading since July. Looking at the details of the release, food, beverages, and tobacco sales rebounded in December, and household equipment sales also gained steam.
On an annual basis, retail sales increased 2.6% in December, which was above November’s 1.4% expansion.