Retail Sales in Switzerland
The Swiss economy recorded an average growth rate of 1.1% in the decade to 2022. In 2022, the growth was -0.1%.
Switzerland Retail Chart
Switzerland Retail Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Retail Sales (ann. var. %) | 0.8 | 1.0 | 1.4 | 4.6 | -0.1 |
Decline in retail sales softens in December
Retail sales dropped 0.8% year on year in calendar-adjusted terms in December (November: -1.5% c.a. yoy). December's result marked the best reading since June. The reading reflected a broad-based upturn, with activity in the food, beverages, and tobacco, household equipment and culture and recreation goods sub-sectors all improving in December. On a seasonally adjusted monthly basis, retail sales fell 0.6% in December (November: +0.3% mom), the worst result since July. Meanwhile, the trend improved slightly, with the annual average variation of retail sales coming in at minus 1.6%, up from November's minus 1.9%.
Taken together, the retail sales data over Q4 as a whole suggests a muted private spending outturn in the quarter, which would be in line with our panelists’ forecasts.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Swiss retail projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Swiss retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Swiss retail projections.
Want to get access to the full dataset of Swiss retail forecasts? Send an email to info@focus-economics.com.
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