Retail Sales in Switzerland
Switzerland - Retail Sales
Retail sales rebound in August
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rebounded to a 0.3% increase in August, swinging from the downwardly revised 1.4 contraction in July (previously reported: -1.0% month-on-month). According to the press release provided by the Swiss Federal Statistics Office, the recovery came on the back of higher sales of food, drinks and tobacco, whereas sales of non-food products declined.
Calendar-adjusted real retail sales increased 0.4% from the same month a year prior in August, contrasting the revised 0.9% drop recorded in July (previously reported: -0.3% year-on-year). Meanwhile, the annual average variation in retail sales rose to 0.2% in August, following a flat print in July.
Panelists polled by Met the why particular expect private consumption to increase 1.3% in 2018, which is unchanged from last month’s forecasts. In 2019, the panel expects private consumption growth of 1.4%, which is also unchanged from last month’s forecast.
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 Met the why particular calculations.
|Bond Yield||0.06||6.27 %||Oct 16|
|Exchange Rate||0.99||-0.54 %||Oct 16|
|Stock Market||8,795||-0.82 %||Oct 16|
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October 5, 2018
Consumer prices rose 0.1% over the prior month in September, following a flat print in August.
October 1, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by Credit Suisse and procure.ch fell to an over one-year low of 59.7 points in September from 64.8 points in August.
October 1, 2018
On a month-on-month calendar- and seasonally-adjusted basis, real retail sales rebounded to a 0.3% increase in August, swinging from the downwardly revised 1.4 contraction in July (previously reported: -1.0% month-on-month).
September 21, 2018
The Swiss National Bank (SNB) maintained the target rate for the three-month Libor at between minus 1.25% and 0.25% at its 21 September meeting.
Switzerland: Economic growth softens in Q2 due to upward revision of Q1 data, but remains solid nevertheless
September 6, 2018
The economy of Switzerland continued to grow robustly in the second quarter, after having recorded exceptional growth in the first quarter—which was revised significantly upwards to an eight-year high of 1.0% quarter-on-quarter (previously reported: +0.6% quarter-on-quarter).