Swiss retail sales grew 0.1% yearly in October, slowed by weak food sales and a monthly drop.

In October 2024, Swiss retail sales grew by 0.1% year-over-year, marking a slowdown from September's 0.6% increase. Despite a 1.4% annual rise in total sales, the growth was primarily driven by non-food items, which saw a 3.2% increase. Food, drinks, and tobacco sales rose by only 0.3%. Month-over-month, sales decreased by 0.1%. Economists are watching these trends to gauge consumer confidence and spending habits as the holiday season approaches.

December 02, 2024
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