Swiss Retail Sales Remain Steady in January

According to the latest report from Switzerland's Federal Statistical Office, turnover in retail sales in Switzerland remained unchanged in January on an annual basis in nominal terms. This news comes as a surprise to many, indicating a potential stagnation in the retail sector.

Adjusted Real Retail Trade Turnover Sees Modest Increase

Despite the nominal stagnation, the sales days- and holidays-adjusted real retail trade turnover saw a modest increase of 1.3% year-over-year. However, this figure still fell short of analysts' expectations, raising questions about the overall health of the Swiss retail market.