Financial News: Swiss Retail Sales Rise 3.2%, Exceeds Forcast

Swiss Retail Sales Rise 3.2%, Exceeds Forcast

10/01/2024 - 04:48:00 (RTTNews)

(RTTNews) - Swiss retail sales increased for the second straight month in August, and at a faster-than-expected pace, data from the Federal Statistical Office revealed on Tuesday.

Retail sales climbed 3.2 percent on a yearly basis, after a 2.9 percent strong recovery in July. Sales were expected to rise by 2.6 percent.

Sales of food, drinks, and tobacco registered an annual growth of 3.2 percent, and the non-food sector posted a 2.5 percent gain.

Month-on-month, retail sales rose at a slower pace of 0.4 percent in August versus a 2.2 percent increase in July.

In nominal terms, retail turnover registered an annual growth of 1.9 percent, which was the sharpest increase since June 2024. Monthly, sales were up 0.2 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly (10 min(s), 01 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

U.S. Producer Prices Unexpectedly Unchanged In September (01 hr(s), 55 min(s), 01 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

India Industrial Output Shrinks 0.1% In August (01 hr(s), 58 min(s), 01 sec(s) ago)
(RTTNews) - India's industrial production declined slightly in August, largely led by weaker m ...Full Story»

Turkey Retail Sales Growth Strongest In 5 Months (04 hr(s), 52 min(s), 01 sec(s) ago)
(RTTNews) - Turkey's retail sales increased at the quickest pace in five months in August, the ...Full Story»

Romania Inflation Eases To 4.6%, Lowest In Over 3 Years (05 hr(s), 46 min(s), 01 sec(s) ago)
(RTTNews) - Romania's consumer price inflation moderated further in September to the lowest le ...Full Story»

UK Economy Returns To Growth (06 hr(s), 07 min(s), 01 sec(s) ago)
(RTTNews) - The UK economy returned to growth in August but the pace of expansion was weaker than ...Full Story»

Swiss Consumers Less Pessimistic In September (06 hr(s), 29 min(s), 01 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained less negative in August, survey results from ...Full Story»

Dutch Exports Fall 2.1% In August (06 hr(s), 48 min(s), 01 sec(s) ago)
(RTTNews) - Exports in the Netherlands decreased in August after recovering in the previous month, ...Full Story»