Following a growing trend Retail Sales in Switzerland rose in July. Consumer electronics, food and household products were the preferred choices of consumer spending. Shoppers in Switzerland share the optimism felt in other countries even as recession is still present and there is rising unemployment.
Logic would point to a decline in Retail Sales in the coming months as more companies continue to reduce their working force, but government stimulus is expected to lessen the brunt of record unemployment
For more Swiss Economic graph visit FXEconostats
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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