At 08:30 (GMT+2), data on retail sales for July in Switzerland will be published. The index is a monthly measurement of all goods sold by retailers based on a sample of retail stores of various types and sizes in Switzerland. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity, including GDP. The last time the indicator rose by 0.7%; the continuation of this trend may strengthen the position of the Swiss franc.
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