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Swiss March Retail Sales Growth Tops Forecast

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.

by RTT Staff Writer

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