Switzerland’s retail trade rose 0.8 percent year-on-year in October of 2018, following a downwardly revised 2.5 percent decline in the previous month. It was the biggest gain in retail sales since April, as sales of food, beverages and tobacco rose 0.1 percent after dropping 2.0 percent in September and sales of non-food products rebounded (0.7 percent compared to -4.0 percent in September). On a monthly basis, retail sales went up 1.9 percent, after declining 1.6 percent in the prior month. Retail Sales YoY in Switzerland averaged 1.30 percent from 2001 until 2018, reaching an all time high of 6.80 percent in September of 2008 and a record low of -4.20 percent in December of 2016.
Retail Sales YoY in Switzerland is expected to be 0.70 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 0.32 in 12 months time. In the long-term, the Switzerland Retail Sales YoY is projected to trend around 1.80 percent in 2020, according to our econometric models.