Switzerland Retail July 2019

Switzerland

Switzerland: Retail sales strengthen in July

September 2, 2019

Calendar-adjusted real retail sales rose 1.4% on an annual basis in July, doubling June’s 0.7% increase. July’s surge was driven by both stronger sales of non-food items as well as food, drinks and tobacco.

On a month-on-month calendar- and seasonally-adjusted basis, real retail sales dipped 0.1% in July, contrasting the revised 1.2% rise registered in June. Meanwhile the annual average variation in retail sales declined 0.1% in July, improving from the 0.3% decline in June.

FocusEconomics panelists expect private consumption to increase 1.2% in 2019, which is unchanged from last month’s forecast, and 1.2% again in 2020.


Author:, Economist

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Switzerland Retail Chart


Switzerland Retail July 2019

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


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