Swiss Retail Numbers Rise in July

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

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency 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.
Alfonso Esparza