Real volume of retail sales in Switzerland rose sharply in October

The index of retail sales in Switzerland rose to 3,1% in annual terms in October. The value index surpassed expectations of analysts, forecast an increase to 1,2%. The previous month, the annual index of retail sales of Switzerland was -2.1% (revised from -1.6%).
Recall that the index reflects the actual volume of sales at the retail level and characterizes the level of consumer spending and demand. Growth in retail sales is a positive factor for the development of national economy and leads to the growth rate of national currency.