Switzerland Retail October 2020

Switzerland

Switzerland: Retail sales growth speeds up in October

November 30, 2020

Retail sales grew 3.1% year-on-year in calendar-adjusted terms in October, which followed September's 0.4% increase. October's reading was partly due to faster growth in food, beverages, and tobacco sales.

In month-on-month terms, retail sales grew 3.2%, the best result since May. Meanwhile, the trend improved, with the annual average variation of retail sales coming in at 0.0%, up from September's minus 0.2% reading.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 4.0% in 2021, which is down 0.3 percentage points from last month’s forecast, and to grow 2.3% in 2022.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail October 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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