Switzerland Retail October 2021


Switzerland: Retail sales growth slows in October

December 2, 2021

Retail sales increased 1.2% year-on-year in calendar-adjusted terms in October (September: +2.6% c.a. yoy). October's slowdown was largely due to a deterioration in food, beverages, and tobacco sales. In addition, household equipment sales fell heavily.

On a monthly basis, retail sales rose 0.7% in seasonally-adjusted terms in October, which was better than September’s 0.1% uptick. Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at plus 5.0% in October, down from September's 5.3% reading.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 3.7% in 2022, which is unchanged from last month’s forecast, and to grow 1.7% in 2023.

Author:, Economist

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Switzerland Retail Chart

Switzerland Retail October 2021

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

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