Switzerland Retail

Switzerland

Switzerland: Retail sales contract less in March

May 18, 2015

In March, retail sales contracted a seasonally- and working-day adjusted 2.8% over the same month last year. The reading was a slight improvement over the revised 3.1% contraction registered in the previous month (previously reported: -2.7% year-on-year). According to the Federal Statistics Office, March’s decrease reflected lower sales of food, drinks and tobacco.

On a sequential basis, retail sales adjusted for seasonal factors rose 0.7% in March, which contrasted the 0.9% decrease seen in the previous month. Annual average growth in retail sales fell from 0.6% in February to 0.1% in March, which marked the lowest level since December 2003.

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 March 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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