Switzerland Retail November 2017


Switzerland: Plummeting retail sales moderate in November

January 9, 2018

In November, the contraction in real retail sales moderated significantly, shrinking by a calendar-adjusted 0.2% from the same month a year ago. November’s result improved upon October’s steep 2.6% decline. Weaker turnover was recorded in the food, beverages and tobacco category while stronger non-food, non-fuel sales drove November’s amelioration.

On a monthly basis, calendar- and seasonally-adjusted real retail sales rose 1.3% in November, contrasting October’s upwardly revised 1.2% decline (previously reported: -1.5% month-on-month). Meanwhile, annual average variation in retail sales worsened from a month earlier in November, edging down to minus 0.6% from minus 0.5%.

Panelists polled by FocusEconomics expect private consumption to increase 1.4% in 2018, which is unchanged from last month’s forecast. For 2019, the panel expects private consumption to also rise 1.5%.


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Switzerland Retail Chart

Switzerland Retail November 2017

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

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