Switzerland Retail

Switzerland

Switzerland: Retail sales swing to expansion in September

November 2, 2015

In September, retail sales expanded a seasonally- and working-day adjusted 0.2% over the same month last year. The reading contrasted the 0.6% decrease seen in August. According to the Federal Statistics Office, September’s increase reflected rising sales of food, drinks and tobacco.

On a sequential basis, retail sales adjusted for seasonal factors rose 0.1% in September, thus contrasting the 0.2% decrease seen in August. Annual average growth in retail sales fell from a 0.4% decrease in August to a 0.5% drop in September, which marked the lowest level on record.

Panelists polled by FocusEconomics expect private consumption to expand 1.5% in 2015, which is unchanged from last month’s projection. For 2016, the panel expects private consumption to increase 1.6%.


Author:, Senior Economist

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Switzerland Retail Chart


Switzerland Retail September 2015

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


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