Switzerland June retail sales +1.1% vs +6.6% y/y prior


Latest data released by the Federal Statistics Office – 31 July 2020

  • Prior +6.6%; revised to +6.2%

For bank trade ideas, check out eFX Plus

Retail sales activity slumped in June following the rebound in May, though food sales remain relatively robust and that is keeping consumption levels relatively elevated as compared to the same period last year.

We’ll only get a better sense of the “new normal” and how the economic recovery – not just in Switzerland, but across the globe – in Q3/Q4 this year.

Read More…