Switzerland Retail January 2018

Switzerland

Switzerland: Retail sales contract in January on weak clothing and footwear turnover

March 1, 2018

In January, calendar-adjusted real retail sales contracted 1.4% from the same month a year ago, coming in below the upwardly-revised 0.7% increase logged in December (previously reported: +0.6% year-on-year). January’s weak performance was driven largely by a double-digit annual decline in clothing and footwear sales.

On a monthly basis, calendar- and seasonally-adjusted real retail sales dropped 0.7% in January, moderating from December’s downwardly revised 1.5% decline (previously reported: -0.7% month-on-month). Meanwhile, the annual average variation in retail sales was essentially flat again in January.

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 rise 1.5%.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail January 2018

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


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