Switzerland Retail May 2018


Switzerland: Retail sales decline in May

July 2, 2018

On a month-on-month, calendar- and seasonally-adjusted basis, real retail sales swung from a 0.4% expansion in April to a steep 1.3% contraction in May. According to the press release provided by Swiss Federal Statistics Office, a contraction in sales of food, drinks and tobacco, along with non-food products, was behind the monthly decline in retail sales.

In May, calendar-adjusted real retail sales contracted 0.1% from the same month a year prior, contrasting the revised 2.9% expansion observed in April (previously reported: +2.2% year-on-year). Meanwhile, the annual average variation in retail sales remained unchanged in May at the 0.2% print observed in April.

Panelists polled by FocusEconomics expect private consumption to increase 1.4% in 2018, which is unchanged from last month’s forecast. In 2019, the panel also expects private consumption growth of 1.4%.

Author: Jean-Philippe Pourcelot, Economist

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Switzerland Retail Chart

Switzerland Retail May 2018

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

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