Switzerland Retail December 2015

Switzerland

Switzerland: Retail sales contract less in December

February 3, 2016

In December, retail sales contracted a seasonally- and working-day adjusted 1.6% over the same month of the previous year. The reading followed the 1.7% decrease seen in November. According to the Federal Statistics Office, December’s decrease reflected falling sales in the non-food sector.

On a sequential basis, retail sales adjusted for seasonal factors increased 1.1% in December, thus contrasting the 0.6% decrease seen in November. Annual average growth in retail sales fell from a 0.8% decrease in November to a 1.2% drop in December, 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 December 2015

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


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