Switzerland Retail


Retail sales grow weaker than expected

In November, retail sales expanded 2.9% over the same month the previous year, which marked a slight improvement compared to the 2.7% expansion recorded in October. However, the reading disappointed but contrasted market expectations of a 3.4% rise. The monthly expansion mainly reflected an acceleration in sales of food, beverages and tobacco.

On a monthly basis, retail sales increased a seasonally adjusted 0.5% in November, which contrasted the 0.4% drop recorded in October.

As a result of the November improvement, the trend continues to point upwards, with annual average growth in retail sales rising from 3.0% in October to 3.1% November.

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Switzerland Retail Chart

Switzerland Retail November 2012

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

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