Market Updates: Swiss Retail Sales Slips By -1.7% - Forex News by FX Leaders

Market Updates: Swiss Retail Sales Slips By -1.7%

Posted Monday, July 1, 2019 by
Arslan Butt • 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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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