Retail Sales in Switzerland

Switzerland Retail Sales | Economic News & Forecasts

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  

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Switzerland Retail Sales Chart

Switzerland Retail
Note: Annual variation of real retail sales in %.
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.

Switzerland Facts

Value Change Date
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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