Switzerland: Retail sales decline in January
Latest reading: Retail sales decreased 0.1% month-on-month in seasonally adjusted terms in January (December: +0.5% mom s.a.). Looking at the details of the release, food, beverages, and tobacco sales and household equipment sales shrank in January.
On an annual basis, retail sales rose at a softer pace of 1.3% in January (December: +2.1% yoy).