Switzerland's retail sales jumped 6.6 percent from a year earlier in May 2020, the sharpest increase since September 2008, recovering from a downwardly revised 18.8 percent drop in the previous month, as parts of the economy reopened after some containment measures were relaxed. Food, beverages, tobacco trade rose at a faster 20.1 percent (vs 3.9 percent in April), while non-food sales fell much less (-1.7 percent vs -39 percent).
Retail Sales YoY in Switzerland averaged 1.14 percent from 2001 until 2020, reaching an all time high of 6.80 percent in September of 2008 and a record low of -18.80 percent in April of 2020. This page provides the latest reported value for - Switzerland Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Switzerland Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Retail Sales YoY in Switzerland is expected to be -12.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Switzerland to stand at 2.50 in 12 months time. In the long-term, the Switzerland Retail Sales YoY is projected to trend around 4.80 percent in 2021 and 2.60 percent in 2022, according to our econometric models.