Swiss housing on the lake with mountains in switzerland

Switzerland Retail January 2021

Switzerland: Retail sales fall at sharpest pace since April 2020 in January

Retail sales dropped 0.5% year-on-year in calendar-adjusted terms in January, which contrasted December’s 5.4% increase. January’s figure marked the worst reading since April 2020. The notable deterioration was primarily driven by drops in household equipment and culture and recreation goods sales, likely linked to the closure of the hospitality sector and non-essential stores. However, food, beverages, and tobacco sales gained traction.

On a monthly basis, retail sales plunged 5.3% in seasonally-adjusted terms in January, contrasting December’s 2.3% expansion and marking the worst result since April 2020. Meanwhile, the trend pointed down, with the annual average growth of retail sales coming in at plus 1.3%, down from December’s 1.4% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest