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Swiss retail sales fall for 5th straight month

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events No Magic of Christmas for Switzerland (by Arnaud Masset) Swiss retail sales contracted for a fifth consecutive month in December; the real gauge fell 1.6%y/y in the last month of 2015 as spending for clothes and footwear shrank 9.3%. When excluding fuels real retail sales contracted 1.5%y/y. Clearly the warm winter weather has restrained traditional heavy spending on recreation in the Alps. The combined effects of a strong Swiss franc and gloomy global outlook continued

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