Monday, August 2, 2010

Retail Sales drop sharply in Switzerland


Forex Special  - consumers in the Central European country put away credit cards and cash as purchases slowed down severely. The previous YoY print stood at a revised 3.9% growth. 

As markets expected consumption to improve amongst the relatively positive Swiss environment, and show a reading of 4.1% increase, the June yearly comparison showed a mere 0.9% rise.

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