Switzerland Retail

Switzerland

Switzerland: Retail sales contract in January

March 16, 2015

In January, retail sales contracted a seasonally- and working-day adjusted 0.3% over the same month last year. The reading contrasted the revised 1.9% expansion registered in December (previously reported: +2.2% year-on-year) which had marked the fastest increase in six months. According to the Federal Statistics Office, January’s decrease reflected lower sales for non-food items.

On a sequential basis, retail sales adjusted for seasonal factors fell 2.1% in January, which contrasted the 1.0% increase seen in the previous month. Annual average growth in retail sales was stable at December’s 1.0%, thus remaining at the lowest level since January 2010.

Panelists polled by FocusEconomics expect private consumption to expand 1.8% in 2015, which is unchanged from last month’s projection. For 2016, the panel expects private consumption to increase 1.9%.


Author:, Senior Economist

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Switzerland Retail Chart


Switzerland Retail January 2015

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


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