According to the latest data published by the Swiss Federal Statistical Office showed on Tuesday, the country’s retail trade rebounded sharply from the coronavirus-imposed lockdown driven previous fall.
Switzerland’s Real Retail Sales jumped 6.6% on a yearly basis in May, compared to a revised slump of 18.8% in the previous month.
About Real Retail Sales
The Retail Sales is conducted by the Swiss Federal Statistical Office. The retail sales is a survey of goods sold in the last month and serves as an indicator of the Swiss consumer demand. The figure here is real, not nominal, and non-seasonally adjusted. Generally, an increase in this figure is bullish for the CHF while a decrease is bearish.
The Swiss franc is unimpressed by the encouraging domestic data, as USD/CHF challenges weekly tops near 0.9530.
The spot rises 0.18% so far and looks poised to test the 0.9600 level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.