Switzerland Retail March 2019


Switzerland: Retail sales continue to fall in March

May 2, 2019

According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.7% dip in annual terms in March, down from the revised flat print recorded in February (previously reported: -0.2% year-on-year). March’s dip was broad-based, with a notable drop in sales of fuel as well as clothing and footwear.

On a month-on-month calendar- and seasonally-adjusted basis, real retail sales fell 0.2% in March, contrasting the revised 0.5% increase logged in February (previously reported: +0.3% month-on-month). Meanwhile, the annual average variation in retail sales remained flat in March.

FocusEconomics panelists expect private consumption to increase 1.2% in 2019, which is unchanged from last month’s forecast, and 1.3% in 2020.

Author:, Economist

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Switzerland Retail Chart

Switzerland Retail March 2019

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

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