Switzerland Retail October 2016

Switzerland

Switzerland: Retail sales fall at softest rate in nine months in October

In October, retail sales contracted a seasonally- and working-day adjusted 0.5% from the same month last year, which was a less pronounced drop than the 2.1% decline seen in September. October’s reading beat market expectations of a 2.0% decline and marked the smallest contraction since January.

On a sequential basis, retail sales adjusted for seasonal factors increased 1.2% in October, which was well above the 0.3% expansion seen in September. However, the annual average variation in retail sales mirrored September’s 1.9% contraction, thereby remaining at a record low level.

Panelists polled by FocusEconomics expect private consumption to expand 1.0% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects private consumption to increase 1.3%, which is also unchanged from last month’s estimate.


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Switzerland Retail Chart


Switzerland Retail September 2016 1

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


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