Retail sales in Switzerland increased 2.8 percent year-on-year in May of 2021, following a record 37.7 percent surge in the previous month. Sales of non-food were up 7.9 percent, namely information and communication equipment (14.7 percent), cultural and recreational goods (6.2 percent) while sales of food, beverages and tobacco declined 3.1 percent. On a monthly basis, retail sales dropped 1.8 percent. source: Swiss Federal Statistical Office
Retail Sales YoY in Switzerland averaged 1.70 percent from 2001 until 2021, reaching an all time high of 37.70 percent in April of 2021 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 July 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 5.10 in 12 months time. In the long-term, the Switzerland Retail Sales YoY is projected to trend around 4.60 percent in 2022 and 3.40 percent in 2023, according to our econometric models.