Switzerland Retail May 2017

Switzerland

Switzerland: Retail sales record a soft contraction in May

July 3, 2017

In May, retail sales declined a seasonally and working-day adjusted 0.3% from the same month last year, which marks a smaller contraction than April’s 0.9% slump. A sharp fall in the non-food sector’s sales drove May’s result.

On a monthly basis, retail sales adjusted for seasonal factors rose 0.3% in May, rebounding after April’s 2.7% fall. The annual average variation in retail sales inched up from minus 1.3% in April to a 12-month high of minus 1.2% in May.

Panelists polled by FocusEconomics expect private consumption to expand 1.4% in 2017, which is unchanged from last month’s projection. For 2018, the panel expects private consumption to also increase 1.4%.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail May 2017

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


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