Retail Sales in Switzerland
Switzerland - Retail Sales
Retail sales speed up in July
Retail sales rose 4.1% in annual terms in July, which was above June's 3.3% increase. July’s reading bodes well for private consumption at the outset of Q3, and was likely supported by the lifting of lockdown restrictions.
Looking at the details of the release, food, beverages, and tobacco sales increased sharply in July, while household equipment sales grew at a softer rate. On a seasonally-adjusted monthly basis, retail sales rebounded, rising 0.7% in July (June: -2.3% mom).
FocusEconomics Consensus Forecast panelists expect private consumption to fall 5.5% in 2020, which is up 0.1 percentage points from last month’s forecast, and to grow 3.9% in 2021.
Switzerland - Retail Sales Data
|Retail Sales (annual variation in %)||-1.3||-2.0||0.1||0.0||0.4|
5 years of economic forecasts for more than 30 economic indicators.
Switzerland Retail Sales Chart
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
|Bond Yield||-0.51||6.27 %||Jan 01|
|Exchange Rate||0.97||-0.54 %||Jan 01|
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September 3, 2020
Consumer prices increased 0.04% in August over the previous month, contrasting the 0.16% drop seen in July.
September 2, 2020
Retail sales rose 4.1% in annual terms in July, which was above June's 3.3% increase.
September 1, 2020
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch rose from 49.2 in July to 51.8 in August.
August 28, 2020
The KOF economic barometer—a leading composite indicator for the Swiss economy—rose to 110.2 in August from 86.0 in July, marking the third consecutive monthly improvement.
August 27, 2020
GDP fell at a quicker pace in the second quarter, contracting a record 8.2% on a seasonally-adjusted quarter-on-quarter basis (Q1: -2.5% s.a.