Switzerland Retail January 2019


Switzerland: Retail sales post third consecutive decline in January

March 1, 2019

According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.4% over the same month of the prior year in January, descending from December’s revised 0.2% dip (previously reported: -0.3% year-on-year). The decline in January came on the back of a steep drop in sales of food, beverages and tobacco while clothing and footwear purchases continued to fall, but at a slower pace than in December. On the other hand, automotive fuel sales rose notably in the month.

On a month-on-month calendar- and seasonally-adjusted basis, retail sales fell 0.3% in January, down from the 0.2% drop logged in December. Meanwhile, the annual average variation in retail sales were flat in January, as in December.

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


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Switzerland Retail Chart

Switzerland Retail January 2019

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

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