Switzerland's retail sales tumbled 5.6 percent from a year earlier in March 2020, the sharpest decline since comparable records began in 2001, as the Covid-19 crisis hit the economy. There was a steep fall in non-food sales (-15.0 percent vs -1.8 percent), while sales of food, beverages, tobacco jumped (8.4 percent vs 5.6 percent).
Retail Sales YoY in Switzerland averaged 1.20 percent from 2001 until 2020, reaching an all time high of 6.80 percent in September of 2008 and a record low of -5.60 percent in March 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 May of 2020.
Retail Sales YoY in Switzerland is expected to be -12.30 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 2.50 in 12 months time. In the long-term, the Switzerland Retail Sales YoY is projected to trend around 4.80 percent in 2021 and 2.60 percent in 2022, according to our econometric models.