Switzerland Retail November 2021


Switzerland: Retail sales expand at fastest pace since April in November

January 7, 2022

Retail sales expanded 5.8% year-on-year in calendar-adjusted terms in November, which was above October's 2.2% increase. The print marked the best result since April. The reading reflected a broad-based upturn, with dynamics in the food, beverages, and tobacco, household equipment and culture and recreation goods sub-sectors all improving in November.

On a monthly basis, retail sales rose 1.3% in seasonally-adjusted terms in November, which was above October’s 0.6% expansion. Meanwhile, annual average retail sales growth rose to 5.4% in November (October: +5.1%), signaling an improving trend in the retail trade sector.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 4.1% in 2022, which is up 0.4 percentage points from last month’s forecast, and to grow 2.1% in 2023.

Author:, Economist

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Switzerland Retail Chart

Switzerland Retail November 2021

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

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