In April, retail sales increased 3.3% over the same month last year. The print contrasts the 0.8% decline registered in March and represents the fastest reading since December 2012. In addition, retails sales grew quicker than expected, as market analysts had seen retail sales increasing 2.4%. The reading reflected faster growth in sales of non-food items as well as of food, beverages and tobacco. A month-on-month comparison saw retail sales increasing a seasonally adjusted 1.4% in April, which was well above the flat reading observed in March. As a result of the April acceleration, the trend is now pointing upwards, with annual average growth in retail sales rising from 3.1% in March to 3.4% in April. Panellists polled by FocusEconomics expect private consumption to expand 1.5% this year, which is up 0.4 percentage points from last month's projection. For 2014, the panel expects private consumption to increase 1.7%.
Retail sales rebound in April
June 10, 2013
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Switzerland Retail Chart
Note: Year-on-year and annual average variation of retail sales in %.
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
Switzerland Economic News
October 6, 2016
In September, consumer prices increased 0.1% from the previous month, just under market expectations of 0.2%, in a timid rebound from August’s 0.1% decrease.
October 3, 2016
In August, retail sales contracted a seasonally- and working-day adjusted 3.0% over the same month last year.
October 3, 2016
In September, the manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch came in at 53.2 points, beating August’s 51.0 points.
September 30, 2016
Switzerland’s KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—edged up from 99.7 points in August to 101.3 points in September.
September 15, 2016
At its 15 September meeting, the Swiss National Bank (SNB) decided to maintain the target range for the three-month Libor at between minus 1.25% and minus 0.25%, which met market expectations.