Switzerland Retail September 2019

Switzerland

Switzerland: Retail sales rebound in September

November 1, 2019

Calendar-adjusted real retail sales rose 0.9% on an annual basis in September, almost reversing August’s revised 1.0% decrease (previously reported: -1.4% year-on-year). September’s increase was driven by a rebound in sales of clothing and footwear, while lower fuel sales amid subdued crude oil prices tempered the rise.

On a month-on-month seasonally-adjusted basis, real retail sales dropped 0.3% in September, following the 1.1% fall registered in the prior month. Meanwhile, growth in the annual average variation in retail sales was flat in September, following the 0.3% decline seen in August.

FocusEconomics panelists expect private consumption to increase 1.2% in 2020, which is unchanged from last month’s forecast, and 1.3% in 2021.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail September 2019

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


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