Swiss Retail Sales YoY (Jan) Y/Y -1.1% vs. Exp. 2.7% (Prev. 2.8%, Rev. From 2.9%)

Swiss Retail Sales YoY (Jan) Y/Y -1.1% vs. Exp. 2.7% (Prev. 2.8%, Rev. From 2.9%)

Swiss retail sales significantly missed expectations, printing a year-over-year decline of 1.1% against a forecast of 2.7%. This notable drop compared to the prior growth of 2.8% suggests a weakening consumer demand, which could have implications for monetary policy and overall economic growth in Switzerland.