Switzerland: Retail sales growth deteriorates in August
Latest reading: Retail sales grew 0.4% month-on-month in seasonally adjusted terms in August (July: +2.2% mom). August’s reading was driven by weaker growth in food, beverages, and tobacco sales, plus a decline in household equipment sales.
On an annual basis, retail sales rose at a faster rate of 3.2% in August (July: +2.9% yoy), the best result since February 2022.