Switzerland Retail August 2021


Switzerland: Retail sales bounce back in August

October 4, 2021

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%).

FocusEconomics Consensus Forecast panelists expect private consumption to rise 2.9% in 2021, which is down 0.1 percentage points from last month’s forecast, and to grow 3.7% in 2022, which is up 0.3 percentage points from the previous month.

Author:, Economist

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Switzerland Retail Chart

Switzerland Retail August 2021

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

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