Swiss retail sales grew better-than-expected in March and at the strongest pace in nearly a year, data released by the Federal Statistical Office showed Friday.
Total retail sales grew 4.2 percent year-on-year, after rising 0.8 percent in February. Economists had expected sales to rise 1.1 percent. The latest increase is the biggest since April last year, when sales grew 4.4 percent.
On a monthly basis, retail sales increased 2.2 percent in March, following a 1.1 percent decline in February. It was the strongest increase since June last year, when sales rose 2.9 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.