Economic data released out of the local economy in Switzerland lately has shown a rising sluggishness affecting several sectors. Monday’s publication of retail sales data showed a sharp downturn in consumer spending, as well as domestic demand for retail goods.
Expectations for Thursday’s inflationary CPI data are also set to reveal a 0.1% decline in growth. The news has done little to affect the value of the Swiss franc (CHF), however, as traders continue to flock to the Swissie as a store of value during the choppy trading sessions of these past several days.
