Switzerland Retail


Switzerland: Retail sales contract again in June

August 28, 2015

In June, retail sales fell a seasonally- and working-day adjusted 0.9% over the same month last year. The reading came in slightly above the 1.0% drop seen in May. According to the Federal Statistics Office, June’s decrease reflected lower sales of food, drinks and tobacco as well as in the non-food sector.

On a sequential basis, retail sales adjusted for seasonal factors rose 1.4% in June, contrasting the 0.9% decrease seen in May and marking a six-month high. Annual average growth in retail sales fell from a flat reading in May to minus 0.3% in June.

Panelists polled by FocusEconomics expect private consumption to expand 1.5% in 2015, which is unchanged from last month’s projection. For 2016, the panel expects private consumption to increase 1.6%.

Author:, Senior Economist

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Switzerland Retail Chart

Switzerland Retail June 2015 0

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

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