Latest data released by the Federal Statistics Office - 1 July 2019
- Prior -0.7%; revised to -0.8%
Consumption activity in the Swiss economy continues to suffer a little heading into Q2 and that won't add to much optimism to domestic economic conditions. The monthly reading for May shows a seasonally-adjusted 1.3% decline in activity compared to April.
With markets heavily focused on sentiment at the moment, the data here won't offer much to traders today - not like it usually does anyway. USD/CHF holds near session highs now at 0.9838 as the franc stays weaker on the more optimistic risk mood.
