Switzerland Retail

Switzerland

Switzerland: Retail sales decelerate sharply in April

June 6, 2014

In April, retail sales expanded a seasonally- and working-day adjusted 0.4% over the same month last year. The reading came in below the revised 3.4% expansion tallied in March (previously reported: +3.0% year-on-year) and undershot market expectations of a 3.5% increase. The deceleration in April reflected slower sales of food, beverages and tobacco as well as weaker sales of non-food items.

On a monthly basis, retail sales decreased a seasonally-adjusted 0.9% in April, which contrasted the 1.0% increase registered in March. The annual average growth in retail sales fell from 2.0% in March to 1.8% in April.

Panelists polled by FocusEconomics expect private consumption to expand 1.9% in 2014, which is unchanged from last month’s projection. For 2015, the panel expects private consumption to increase 2.0%.


Author:, Senior Economist

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Switzerland Retail Chart


Switzerland Retail April 2014 0

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


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