Market Updates: Swiss Retail Sales Slips By -1.7%

As per the recent release by the Federal Statistical Office, the turnover in the Swiss retail sector decreased by 1.7% in nominal terms in..

Arslan Butt•Monday, July 1, 2019•1 min read

As per the recent release by the Federal Statistical Office, the turnover in the Swiss retail sector decreased by 1.7% in nominal terms in May 2019 when compared with the previous year.

Seasonally adjusted, nominal turnover declined by 1.5% versus the previous month’s figures.

Besides, the real turnover also adjusted for sales days and holidays declined by 1.7% in May 2019 versus the previous year’s numbers.

So, overall, this economic data isn’t in favor of the Swiss Franc.

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ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.