Switzerland Retail September 2022


Switzerland: Retail sales record quickest growth since February in September

October 31, 2022

Retail sales increased 3.2% year on year in calendar-adjusted terms in September, which was above August's 2.1% increase. September's figure marked the best reading since February. Looking at the details of the release, food, beverages, and tobacco sales increased at a slower rate in September, while household equipment sales contracted at a far softer pace. Meanwhile, culture and recreation goods sales decelerated.

On a monthly basis, retail sales increased 0.9% in seasonally adjusted terms in September, matching August’s expansion. Meanwhile, the annual average variation of retail sales was steady at August's +1.3% in September.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 1.2% in 2023, which is down 0.1 percentage points from last month’s forecast, and to grow 1.6% in 2024.

Author:, Economist

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Switzerland Retail Chart

Switzerland Retail September 2022

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

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