Switzerland Retail April 2016


Retail sales plunge in April

In April, retail sales contracted a seasonally- and working-day adjusted 1.9% over the same month last year. The reading, which came in below the 1.6% decline seen in March, represented the ninth consecutive contraction and was the worst result in over a year. According to the Federal Statistics Office, April’s drop reflected a decrease in sales for both food items of non-food items.

On a sequential basis, retail sales adjusted for seasonal factors increased 0.1% in April, which contrasted the 0.4% fall seen in March. The annual average variation in retail sales deteriorated slightly from a 0.9% contraction in March to a 1.0% decrease in April.

Panelists polled by FocusEconomics expect private consumption to expand 1.1% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects private consumption to increase 1.4%.

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Switzerland Retail Chart

Switzerland Retail April 2016 0

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

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