Switzerland Retail November 2015

Switzerland

Switzerland: Retail sales contract in November

January 11, 2016

In November, retail sales contracted a seasonally- and working-day adjusted 2.1% over the same month of the previous year. The reading followed the 1.1% decrease seen in October. According to the Federal Statistics Office, November’s decrease reflected falling sales of food, drinks and tobacco.

On a sequential basis, retail sales adjusted for seasonal factors dropped 0.8% in November, thus contrasting the 0.2% increase seen in October. Annual average growth in retail sales fell from a 0.8% decrease in October to a 0.9% drop in November, which marked the lowest level on record.

Panelists polled by FocusEconomics expect private consumption to expand 1.5% in 2016, which is unchanged from last month’s projection. For 2017, the panel expects private consumption to increase 1.6%.


Author:, Senior Economist

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Switzerland Retail Chart


Switzerland Retail November 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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