Swiss Retail Sales on the Rise

In a positive turn for the Swiss economy, retail sales turnover saw a 0.5% increase in February, according to the latest report from the Federal Statistical Office. This growth, measured in nominal terms on an annual basis, signals a strengthening consumer market.

Adding to the optimism, the sales days- and holidays-adjusted real retail trade turnover rose by 1.6% year-over-year, surpassing analysts' expectations. This adjustment provides a clearer picture of the underlying growth trends, excluding calendar effects.