Retail Sales in Switzerland
Switzerland - Retail Sales
Retail sales continue to fall in February
According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.2% in annual terms in February, matching January’s revised 0.2% dip (previously reported: -0.4% year-on-year). February’s drop was driven by declines in sales of food, beverages and tobacco as well as sales of clothing and footwear, which both fell at a faster rate in March than in February. On the other hand, automotive fuel sales increased significantly in the month.
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rose 0.3% in February, recovering from the revised 0.1% dip recorded in January (previously reported: -0.3% month-on-month). Meanwhile, the annual average variation in retail sales remained flat in February.
FocusEconomics panelists expect private consumption to increase 1.2% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.3% in 2020.
Switzerland - Retail Sales Data
|Retail Sales (annual variation in %)||1.9||1.0||-1.3||-2.0||0.1|
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||-0.29||6.27 %||Jan 30|
|Exchange Rate||0.99||-0.54 %||Jan 30|
|Stock Market||8,966||-0.82 %||Jan 30|
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April 2, 2019
Consumer prices increased a sharp 0.5% over the previous month in March, up from the 0.4% rise registered in February.
Switzerland: Manufacturing PMI plunges to over four-year low in March; services sector also loses momentum
April 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch tumbled to an over four-year low of 50.3 points in March from 55.4 points in February.
April 1, 2019
According to the Swiss Federal Statistics Office, calendar-adjusted real retail sales fell 0.2% in annual terms in February, matching January’s revised 0.2% dip (previously reported: -0.4% year-on-year).
Switzerland: KOF economic barometer rebounds in March, but continues to signal below average growth in the months ahead
March 29, 2019
The KOF economic barometer—a leading composite indicator for the Swiss economy forecasting a six-month period—rose to 97.4 points in March from a revised 93.0 points in February (previously reported: 92.4 points), ending five months of consecutive declines.
March 21, 2019
At its meeting on 21 March, the Swiss National Bank (SNB) confirmed it would continue maintaining its current expansionary policy stance into 2019.