Switzerland Retail April 2021

Switzerland

Switzerland: Retail sales grow at record pace in April

June 1, 2021

Retail sales rose 35.7% year-on-year in calendar-adjusted terms in April (March: +23.1% c.a. yoy), aided by the favorable base effect. The figure marked the best result on record. Looking at the details of the release, April's pickup was broad-based, with food, beverages, and tobacco, household equipment and culture and recreation goods sub-sectors all accelerating.

On a monthly basis, retail sales fell 4.4% in seasonally-adjusted terms in April, contrasting March’s 22.3% expansion. Meanwhile, the trend improved, with the annual average growth of retail sales coming in at plus 6.9%, up from March's 2.9% reading.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 3.3% in 2021, which is up 0.1 percentage points from last month’s forecast, and to grow 3.1% in 2022.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail April 2021 0

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


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