Swiss real retail sales rose 0.5% yoy in August, below expectation of 0.6% yoy. In nominal terms, sales rose 0.2% yoy. Excluding service stations, nominal turnover dropped -0.4% yoy. Sales of food, drinks and tobacco dropped -2.9% yoy nominal. No-food sector rose 2.1% yoy nominal.
CPI came in at 0.0% mom, 0.9% yoy in September, versus expectation of 0.2% mom, 1.1% yoy. The annual rate was unchanged from August’s reading.
