Retail Sales in Switzerland
Switzerland - Retail Sales
Retail sales decline in April
Retail sales decreased 6.0% year-on-year in calendar-adjusted terms in April (March: -6.6% c.a. yoy). Looking at the details of the release, food, beverages, and tobacco sales plunged in April, while household equipment sales dropped at a more moderate, albeit still pronounced, pace.
On a seasonally-adjusted monthly basis, retail sales fell 1.2% in April (March: +1.0% mom). Meanwhile, annual average retail sales growth fell to 1.1% in April (March: +4.1%), which marked an over one-year low. The soft retail sales readings can likely be linked partly to declining consumer confidence, which plummeted to a two-year low in April.
FocusEconomics Consensus Forecast panelists expect private consumption to rise 3.5% in 2022, and to grow 1.9% in 2023.
Switzerland - Retail Sales Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | -1.3 | -2.0 | 0.1 | 0.0 | 0.4 |
Switzerland Retail Sales Chart
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
Switzerland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.51 | 6.27 % | Jan 01 |
| Exchange Rate | 0.97 | -0.54 % | Jan 01 |
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Economic News
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Switzerland: SNB hikes rates in June in shock move
June 16, 2022
At its meeting on 16 June the Swiss National Bank (SNB) raised its policy rate and the interest rate on sight deposits from minus 0.75%—the world’s lowest—to minus 0.25%.
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Switzerland: Inflation comes in at highest level since July 2008 in May
June 2, 2022
Consumer prices increased 0.65% from the previous month in May, picking up from April's 0.37% increase.
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Switzerland: Manufacturing PMI eases in May; services PMI improves
June 1, 2022
The Credit Suisse/procure.ch Manufacturing Purchasing Managers' Index (PMI) fell to 60.0 in May from April's 62.5.
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Switzerland: Retail sales decline in April
May 31, 2022
Retail sales decreased 6.0% year-on-year in calendar-adjusted terms in April (March: -6.6% c.a.
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Switzerland: Economic growth accelerates in the first quarter
May 31, 2022
GDP growth accelerated to 0.5% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, from 0.2% in the fourth quarter of last year.
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