Switzerland Retail June 2018

Switzerland

Switzerland: Retail sales rebound in June

August 2, 2018

On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rebounded from a steep 1.0% contraction in May to a 0.5% increase in June. According to the press release provided by the Swiss Federal Statistics Office, sales of non-food products as well as food, drinks and tobacco bounced back from the contractions registered in May to record expansionary prints in June.

In June, calendar-adjusted real retail sales rose 0.3% from the same month a year prior, down slightly from the revised 0.4% expansion observed in May (previously reported: -0.1% year-on-year). Meanwhile, the annual average variation in retail sales ticked down from May’s 0.2% to 0.1% in June.

Panelists polled by FocusEconomics expect private consumption to increase 1.3% in 2018, which is down 0.1 percentage points from last month’s forecast. In 2019, the panel expects private consumption growth of 1.4%.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail June 2018

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


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