Switzerland: Retail sales recover in February
Latest reading: Retail sales increased 0.4% in seasonally adjusted month-on-month terms in February, following a 1.6% decline in the prior month.
Relative to the prior month’s data, readings in February improved for food, beverages, and tobacco (-0.7% in seasonally adjusted month-on-month terms vs -0.9% in January), household equipment (+0.3% vs -5.7% in January) and automotive fuel (+0.9% vs +0.7% in January).
On a calendar-adjusted year-on-year basis, retail sales were up 0.9% in February, following a 0.6% fall in the prior month.