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Switzerland

Switzerland: Retail sales contract less in July

September 14, 2015

In July, retail sales fell a seasonally- and working-day adjusted 0.1% over the same month last year. The reading followed the 1.2% decrease seen in June and marked a three-month high. According to the Federal Statistics Office, July’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 fell 0.6% in July, contrasting the 1.2% increase seen in June. Annual average growth in retail sales was stable at June’s 0.3% contraction.

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 July 2015

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


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