Retail sales in Switzerland increased 1.7 percent year-on-year in November of 2020, following an upwardly revised 4.3 percent gain in the previous month. It is the 7th consecutive month of rising retail sales, with those of information and communication equipment increasing the most (48.2 percent), followed by food, beverages and tobacco (7.7 percent), and household equipment and textiles (5.6 percent). On a monthly basis, retail sales shrank 2 percent after a 3.6 percent gain in October. source: Swiss Federal Statistical Office
Retail Sales YoY in Switzerland averaged 1.18 percent from 2001 until 2020, reaching an all time high of 7 percent in May of 2020 and a record low of -19.10 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 January of 2021.
Retail Sales YoY in Switzerland is expected to be 4.50 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 4.80 in 12 months time. In the long-term, the Switzerland Retail Sales YoY is projected to trend around 2.60 percent in 2022, according to our econometric models.