Retail sales in Switzerland dropped 6.3 percent year-on-year in February of 2021, following an upwardly revised 0.7 percent fall in the previous month. It is the second straight month of decline in retail sales, due to a new coronavirus lockdown from mid-January and closure of non-essential shops. Sales of non-food plunged 19.9 percent, namely clothing, pharmacies, watches and jewelry (-33.2 percent) and household equipment, textiles and furniture (-23.7 percent). On a monthly basis, retail sales decreased 5.2 percent, following an upwardly revised 6.4 percent fall in January. source: Swiss Federal Statistical Office
Retail Sales YoY in Switzerland averaged 1.46 percent from 2001 until 2021, reaching an all time high of 7.90 percent in May of 2020 and a record low of -18.30 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 April of 2021.
Retail Sales YoY in Switzerland is expected to be 2.20 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.