Retail Sales in Switzerland

Switzerland Retail Sales | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)-1.3  -2.0  0.1  0.0  0.4  

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Switzerland Retail Sales Chart

Switzerland Retail
Note: Annual variation of real retail sales in %.
Source: Swiss Federal Statistics Office (BFS) and FocusEconomics calculations.

Switzerland Facts

Value Change Date
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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