Switzerland Retail October 2018

Switzerland

Switzerland: Retail sales recover in October

December 3, 2018

On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rose 1.9% in October, rebounding from the 1.6% fall registered in September. According to the Swiss Federal Statistics Office, the recovery was driven by higher sales of both food, drinks and tobacco, and non-food products.

Year-on-year calendar-adjusted real retail sales also recovered, growing 0.8% in October following a marked, upwardly revised 2.5% downturn in September (previously reported: -2.7% year-on-year). Meanwhile, the annual average variation in retail sales swung to 0.2% in October from minus 0.1% in September.

Switzerland Private Consumption Forecast


Panelists polled by FocusEconomics expect private consumption to increase 1.4% in 2019, which is unchanged from last month’s forecasts, and 1.5% in 2020.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail October 2018

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


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