Switzerland Retail

Switzerland

Switzerland: Retail sales contract less in October

December 1, 2015

In October, retail sales fell a seasonally- and working-day adjusted 0.8% over the same month last year. The reading followed the 1.2% decrease seen in September. According to the Federal Statistics Office, October’s decrease mainly reflected lower sales of food, drinks and tobacco.

On a sequential basis, retail sales adjusted for seasonal factors rose 0.3% in October, thus contrasting the 0.2% decrease seen in September. Annual average growth in retail sales fell from a 0.6% decrease in September to a 0.7% drop in October, which marked the lowest level on record.

Panelists polled by FocusEconomics expect private consumption to expand 1.2% in 2015, which is down 0.1 percentage points from last month’s projection. For 2016, the panel expects private consumption to increase 1.5%, which is also down 0.1 percentage points from last month’s forecast.


Author:, Senior Economist

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Switzerland Retail Chart


Switzerland Retail October 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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