Market Updates: Swiss Retail Sales Turnover Slips 0.7%
Arslan Butt • 1 min read
As per provisional findings from the Federal Statistical Office (FSO), Swiss retail sales turnover declined by 0.1% in nominal terms in April 2019 versus the prior year.
Whereas, the seasonally adjusted, nominal turnover increased by 0.4% vs. beforehand.
Lastly, the real retail sales turnover also adjusted for sales days and holidays dropped by 0.7% in April 2019 vs. the previous year.
Overall, it places a negative impact on the USD/CHF , which is probably why the pair keeps on consolidating above 1.005 support today.