Swiss retail sales growth accelerated for the first time in six months in June, data from the Federal Statistical Office revealed on Thursday.
Retail sales climbed 3.8 percent year-on-year in June, much faster than the 0.3 percent rise in May. The expected increase was only 0.2 percent.
Sales of food, drinks, and tobacco registered a rebound of 2.8 percent. Sales in the non-food sector grew at an accelerated pace of 5.3 percent versus a 1.8 percent increase a month ago. Excluding service stations, sales growth accelerated to 4.1 percent from 0.5 percent in May.
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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.