Switzerland Retail December 2018

Switzerland

Switzerland: Retail sales fall in December

February 1, 2019

According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.3% over the same month of the previous year in December, following the revised 0.6% dip recorded in November (previously reported: -0.5% year-on-year). December’s decline was largely driven by a sharp drop in the sale of clothing and footwear. Moreover, automotive fuel sales also fell, albeit at a softer rate than in November. Meanwhile, food, alcohol and tobacco sales rose in the month.

On a month-on-month calendar- and seasonally-adjusted basis, retail sales fell 0.2% in December, contrasting November’s flat print (previously reported: +0.2% month-on-month). Meanwhile, the annual average variation in retail sales came in flat in December, down from 0.2% in November.

FocusEconomics panelists expect private consumption to increase 1.3% in 2019, which is unchanged from last month’s forecast, and 1.4% in 2020.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail December 2018

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


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