Market Updates: Swiss Retail Sales Slips By -1.7%
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.