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Posted 2 hours ago
Switzerland Retail Sales Fall from 3.2% to 1.6% Year-on-Year
Swiss retail sales growth halved to 1.6% in September from 3.2% previously, signalling weaker domestic demand. This tests the macro chain assumption that demand can sustain prices ahead of November inflation and SNB guidance. CHF sensitivity hinges on whether weakness spills into the inflation and rate path.
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2 hours ago
Swiss Retail Sales Slow to 1.6% from 3.2% Year-on-Year
Swiss retail sales fell sharply to 1.6% YoY from 3.2% previously, signaling weakening domestic demand. This softens the demand leg of the macro chain ahead of Swiss inflation and SNB commentary, pressuring CHF. Watch CPI tomorrow and SNB Chair Schlegel's Nov 5 remarks for policy guidance.
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