Switzerland Retail February 2016

Switzerland

Switzerland: Retail sales moderate in February

April 1, 2016

In February, retail sales contracted a seasonally- and working-day adjusted 0.2% over the same month of last year. The reading came in below the 0.1% decline seen in January. According to the Federal Statistics Office, February’s drop reflected decreasing sales of food, drinks and tobacco.

On a sequential basis, retail sales adjusted for seasonal factors decreased 0.4% in February, which came in slightly above the 0.5% decrease seen in January. The annual average variation in retail sales improved slightly from minus 1.1% in January to minus 0.9% in February.

Panelists polled by FocusEconomics expect private consumption to expand 1.2% in 2016, which is down 0.2 percentage points from last month’s projection. For 2017, the panel expects private consumption to increase 1.4%.


Author: Marlène Rump, Senior Data Analyst

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Switzerland Retail Chart


Switzerland Retail February 2016 3

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


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