Switzerland February retail sales -6.3% vs -0.5% y/y prior

Latest data released by the Federal Statistics Office – 1 April 2021

  • Prior -0.5%; revised to -0.7%

Slight delay in the release by the source. Retail sales in Switzerland continues to allude to a poor showing to start the year. The SNB focuses more on inflation data though, so as long as that remains subdued as well, there is little need for a change in policy stance.Invest in yourself. See our forex education hub. Source

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