FX.co ★ Swiss Retail Sales Increase In February

Switzerland's retail sales increased in February due to lower pandemic-related figures of the previous year, data from the Federal Statistical Office showed on Thursday.

Retail sales adjusted for sales days and holidays grew a working-day adjusted 12.8 percent year-on-year in January.

On a monthly basis, retail sales increased 0.3 percent in January.

Sales of food, beverages and tobacco fell 3.8 percent yearly in February, while sales of non-food grew 35.2 percent, the agency said.

Retail sales were 4.5 percent higher when compared to the pre-Covid month of February 2020.