Switzerland Retail June 2020

Switzerland

Switzerland: Retail sales growth slows in June

July 31, 2020

Retail sales rose 1.1% in June (May: +6.2%). The figure was largely due to a deterioration in food, beverages, and tobacco sales. In contrast, household equipment sales improved.

On a seasonally-adjusted monthly basis, retail sales fell 3.8% in June (May: +30.3% mom). Meanwhile, annual average variation of retail sales was steady, coming in at May's 0.9% in June.

FocusEconomics Consensus Forecast panelists expect private consumption to fall 5.6% in 2020, which is down 0.4 percentage points from last month’s forecast, before rising 3.9% in 2021.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail June 20 20

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


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