Switzerland: Decline in retail sales softens in October
Latest reading: Retail sales dropped 0.1% month-on-month in seasonally adjusted terms in October (September: -0.7% mom). October’s ongoing decline was due to lower sales of household equipment and fuel, which more than offset higher food sales.
On an annual basis, retail sales rose at a more moderate pace of 1.4% in October (September: +1.8% yoy).