Switzerland: Retail sales recover in March
Latest reading: Retail sales were up 0.1% in seasonally adjusted month-on-month terms in March, following a 0.1% drop in the prior month.
Relative to the prior month’s data, readings in March improved for food, beverages, and tobacco (-0.1% in seasonally adjusted month-on-month terms vs -1.2% in February) and automotive fuel (+2.2% vs +0.7% in February). In contrast, the reading for household equipment softened in March (-2.1% vs +1.8% in February).
On a calendar-adjusted year-on-year basis, retail sales rose 0.5% in March, following 0.4% growth in the prior month.