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Switzerland Retail January 2022

Switzerland: Retail sales bounce back in January

Retail sales rose 5.1% year-on-year in calendar-adjusted terms in January (December: -0.4% c.a. yoy). January’s figure was partly due to a weaker contraction in food, beverages, and tobacco sales, as well as stronger growth in culture and recreation goods.

On a seasonally-adjusted monthly basis, retail sales fell at a softer pace of 0.4% in January (December: -2.0% mom). Meanwhile, the trend improved, with the annual average growth of retail sales coming in at 5.0%, up from December’s 4.6%.

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