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Switzerland Retail August 2021

Switzerland: Retail sales bounce back in August

Retail sales expanded 0.5% year-on-year in calendar-adjusted terms in August (July: -2.3% c.a. yoy). The notable rebound was largely driven by less pronounced falls in food, beverages, and tobacco and household equipment sales.

On a monthly basis, retail sales grew 1.1% in seasonally-adjusted terms in August, contrasting July’s 2.6% fall and marking the best result since March. Meanwhile, annual average retail sales growth fell to 5.3% in August (July: +5.6%).

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