Swiss shoppers who flocked to neighbouring Germany, France and Italy to pick up bargains are expected to spend more money at home and sales by the country’s retailers are forecast to rise by 0.3 percent this year, Credit Suisse said on Tuesday.The improvement would follow a 0.1 percent increase in 2017, the first rise in three years, the bank said.

Although Switzerland’s retail market is relatively small at around 90 billion Swiss francs (67.72 billion pounds) per year, it is an important market for luxury brands in particular.The outlook comes as official data on Tuesday showed retail sales rose by 0.2 percent in November compared with a year earlier, although when inflation was taken into account there was a 0.2 percent decline.“There is a recovery for the retail sector as…