Retail Sales in Switzerland
Switzerland - Retail Sales
Retail sales record quickest growth since February in September
Retail sales increased 3.2% year on year in calendar-adjusted terms in September, which was above August's 2.1% increase. September's figure marked the best reading since February. Looking at the details of the release, food, beverages, and tobacco sales increased at a slower rate in September, while household equipment sales contracted at a far softer pace. Meanwhile, culture and recreation goods sales decelerated.
On a monthly basis, retail sales increased 0.9% in seasonally adjusted terms in September, matching August’s expansion. Meanwhile, the annual average variation of retail sales was steady at August's +1.3% in September.
FocusEconomics Consensus Forecast panelists expect private consumption to rise 1.2% in 2023, which is down 0.1 percentage points from last month’s forecast, and to grow 1.6% in 2024.
Switzerland - Retail Sales Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | -1.3 | -2.0 | 0.1 | 0.0 | 0.4 |
Switzerland Retail Sales Chart
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.
Switzerland Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.51 | 6.27 % | Jan 01 |
| Exchange Rate | 0.97 | -0.54 % | Jan 01 |
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Economic News
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Switzerland: Inflation declines to lowest level since May in October
November 3, 2022
Inflation fell to 3.0% in October, from September’s 3.3%.
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Switzerland: Manufacturing PMI records worst reading since October 2020 in October; services PMI improves
November 2, 2022
The Credit Suisse/procure.ch Manufacturing Purchasing Managers' Index (PMI) came in at 54.9 in October, down from September's 57.1.
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Switzerland: KOF Economic Barometer eases in October
October 31, 2022
The KOF Economic Barometer fell to 90.9 in October from September's 92.3.
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Switzerland: Retail sales record quickest growth since February in September
October 31, 2022
Retail sales increased 3.2% year on year in calendar-adjusted terms in September, which was above August's 2.1% increase.
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Switzerland: Inflation dips to lowest level since May in September
October 3, 2022
Inflation came in at 3.3% in September, which was down from August’s 3.5%.
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