Retail sales in Switzerland jumped 4.7 percent year-on-year in December of 2020, following an upwardly revised 1.8 percent gain in the previous month, the 8th consecutive month of rising retail sales. Despite the impact of the Covid-19 pandemic, provisional results showed a 0.8 percent gain in retail trade for full 2020. While retail sales of food, drinks and tobacco jumped 8.2 percent, the non-food sector went down 3.5 percent, with service stations (6 percent); clothing, chemists, watches and jewellery (-11.8 percent); and cultural and recreation goods (-8 percent) recording the biggest decreases. source: Swiss Federal Statistical Office
Retail Sales YoY in Switzerland averaged 1.20 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 February 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.