Retail Sales in Switzerland
Switzerland - Retail Sales
Retail sales growth gains steam in September
Retail sales increased 2.5% year-on-year in calendar-adjusted terms in September (August: +0.8% c.a. yoy). Looking at the details of the release, food, beverages, and tobacco sales fell at a softer rate in September, while the decrease in household equipment sales worsened.
On a monthly basis, retail sales rose 0.1% in seasonally-adjusted terms in September, which was below August’s 1.4% expansion. Meanwhile, annual average growth of retail sales was 5.3% in September, mirroring August's 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.
Switzerland - Retail Sales Data
|Retail Sales (annual variation in %)||-1.3||-2.0||0.1||0.0||0.4|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Retail Sales Chart
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
|Bond Yield||-0.51||6.27 %||Jan 01|
|Exchange Rate||0.97||-0.54 %||Jan 01|
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November 30, 2021
The KOF Economic Barometer came in at 108.5 in November, down from October's 110.2.
November 26, 2021
Economic growth ebbed slightly in the third quarter, with GDP increasing 1.7% on a seasonally-adjusted quarter-on-quarter basis (Q2: +1.8% s.a.
November 2, 2021
Consumer prices rose 0.30% in October over the previous month, accelerating from September's 0.02% rise.
November 2, 2021
Retail sales increased 2.5% year-on-year in calendar-adjusted terms in September (August: +0.8% c.a.
November 1, 2021
The Credit Suisse/procure.ch Manufacturing Purchasing Managers' Index (PMI) came in at 65.4 in October, down from September's 68.1.