Swiss Retail Sales Experience a Notable Uptick

In an encouraging sign for the Swiss economy, retail sales turnover witnessed a 1.1% increase in December 2024 compared to the previous year, as reported by the Federal Statistical Office. This growth, measured in nominal terms, underscores the resilience of consumer spending amidst global economic uncertainties.

Real Terms Growth Amid Inflation

When adjusted for inflation, the real growth in retail sales turnover was even more pronounced, registering a 2.6% rise from December 2023. This indicates not only a nominal increase in sales but also a significant boost in the volume of goods sold, reflecting a robust consumer demand and a positive economic outlook.