Switzerland Retail May 2019

Switzerland

Switzerland: Retail sales continue to spiral in May

July 1, 2019

Calendar-adjusted real retail sales fell 1.7% over the same month a year prior in May, following the 0.8% decline logged in April. May’s decline came on the back of a broad-based fall in sales for both non-food items, and food, beverages, and tobacco.

On a month-on-month calendar- and seasonally-adjusted basis, real retail sales decreased 1.3% in May, contrasting the revised 0.1% increase registered in April. Meanwhile the annual average variation in retail sales fell 0.4% in May from 0.3% in April.

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


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail May 2019

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


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