Switzerland Retail September 2020

Switzerland

Switzerland: Retail sales record worst reading since April in September

October 30, 2020

Retail sales grew 0.3% year-on-year in September (August: +4.0%). September's result marked the worst reading since April, and was largely due to a deterioration in growth of food, beverages, and tobacco sales. Meanwhile, household equipment sales picked up pace.

On a seasonally-adjusted monthly basis, retail sales fell at a quicker rate of 3.6% in September (August: -0.7% mom), the worst result since April. Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 0.2%, down from August's minus 0.1% reading.

FocusEconomics Consensus Forecast panelists expect private consumption to rise 4.3% in 2021, which is up 0.5 percentage points from last month’s forecast, and to grow 2.5% in 2022.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail September 20 20 0

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


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