Switzerland Retail May 2022


Switzerland: Decline in retail sales softens in May

June 30, 2022

Retail sales fell 1.6% year on-year in calendar-adjusted terms in May (April: -5.5% c.a. yoy). The smaller contraction largely reflected an improvement in culture and recreation goods sales, and a softer contraction in food sales.

On a seasonally-adjusted monthly basis, retail sales rose 1.1% in May (April: -0.9% mom). Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at an over one-year low of 0.8% in May, down from April's 1.2%.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 3.5% in 2022, which is down 0.1 percentage points from last month’s forecast, and to grow 1.9% in 2023.

Author:, Economist

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Switzerland Retail Chart

Switzerland Retail May 2022

Note: Year-on-year changes and annual average variation of retail sales in %.
Source: Swiss Federal Statistics Office (BFS).

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