Switzerland Retail November 2018

Switzerland

Switzerland: Retail sales shrink in November

January 8, 2019

According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.5% over the same month a year prior in November, following the upwardly revised 1.0% increase registered in October (previously reported: +0.8% year-on-year). The drop in November came primarily on the back of contractions in automotive fuel, and clothing and footwear sales.

On a month-on-month calendar- and seasonally-adjusted basis, retail sales rose 0.2% in November, moderating from the revised 2.3% increase recorded in October (previously reported: +1.9% month-on-month). Meanwhile, the annual average variation in retail sales inched down to 0.1% in November from 0.2% in October.

Switzerland Private Consumption Forecast


FocusEconomics panelists expect private consumption to increase 1.3% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.5% in 2020.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail November 2018 0

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


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