Switzerland Retail January 2017


Switzerland: Retail sales fall at softer rate in January

March 2, 2017

In January, retail sales contracted a seasonally and working-day adjusted 1.4% from the same month of last year, a moderate improvement from the revised 4.1% plunge in December (previously reported: -3.5% year-on-year).

On a monthly basis, retail sales adjusted for seasonal factors increased 0.6% in January, which contrasted the 2.3% drop in December. The annual average variation in retail sales inched down from December’s minus 1.9% to minus 2.0% in January, the worst result on record, confirming the bleak picture in the Swiss retail sector.

Panelists polled by FocusEconomics expect private consumption to expand 1.2% in 2017, which is unchanged from last month’s projection. For 2018, the panel expects private consumption to increase 1.4%.

Author: Marlène Rump, Senior Data Analyst

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Switzerland Retail Chart

Switzerland Retail January 2017

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

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