Switzerland CHF

Switzerland Retail Sales YoY

Impact:
Medium

Latest Release:

Date:
Surprise:
-1.2%
| CHF
Actual:
1.3%
Forecast: 2.5%
Previous/Revision:
2.1%
Period: Apr

Next Release:

Date:
Period: May
What Does It Measure?
Switzerland's Retail Sales YoY measures the annual percentage change in the total sales of retail goods, focusing on consumer spending trends and economic activity. It primarily assesses key areas such as household consumption, economic health, and inflationary pressures.
Frequency
This indicator is released monthly, typically providing a preliminary estimate initially, followed by a final figure about a month later.
Why Do Traders Care?
Traders care about Retail Sales YoY as it is a vital indicator of consumer confidence and economic strength; a higher-than-expected figure generally signals robust economic activity, which can positively affect the Swiss Franc (CHF) and local equities. Conversely, weaker results could lead to currency depreciation and bearish trends in the stock market, making it crucial for economic forecasting and investment strategies.
What Is It Derived From?
The Retail Sales YoY is derived from surveys conducted among various retail establishments across Switzerland, capturing data on sales revenue and product categories. This data collection employs various methodologies, including statistical sampling and estimation, reflecting industry standards within the retail sector.
Description
The Retail Sales YoY compares current retail sales figures with those from the same month in the previous year, providing insights into consumer spending patterns and economic growth. This year-over-year measure is preferred to eliminate seasonal variability and paint a clearer picture of long-term trends in consumer behavior.
Additional Notes
This indicator serves as a coincident economic measure, closely reflecting current economic conditions, and is often compared to other metrics such as Consumer Confidence Index or GDP growth rates. Its results can help analysts identify trends not only in Switzerland but also in broader European consumer markets.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CHF, Bullish for Stocks. Lower than expected: Bearish for CHF, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
1.3%
2.5%
2.1%
-1.2%
2.2%
1.9%
1.2%
0.3%
1.6%
1.5%
2.9%
0.1%
1.3%
1.6%
2.1%
-0.3%
2.6%
0.6%
1.4%
2%
0.8%
1.2%
1.5%
-0.4%
1.4%
2.7%
1.8%
-1.3%
2.2%
2.5%
2.7%
-0.3%
3.2%
2.6%
2.9%
0.6%
2.7%
-0.2%
-2.6%
2.9%
-2.2%
0.5%
-0.2%
-2.7%
0.4%
2.5%
2.2%
-2.1%
2.7%
0.2%
-0.2%
2.5%
-0.1%
0.2%
0.2%
-0.3%
-0.2%
0.4%
0.3%
-0.6%
0.3%
-0.2%
-0.1%
0.5%
-0.8%
1.1%
-1.5%
-1.9%
0.7%
0%
-0.3%
0.7%
-0.1%
0.2%
-1.2%
-0.3%
-0.6%
-1.9%
-2.2%
1.3%
-1.8%
-1.2%
-2.5%
-0.6%
-2.2%
2%
1%
-4.2%
1.8%
-4%
-0.9%
5.8%
-1.1%
-2.5%
-4%
1.4%
-3.7%
-1.4%
-1.9%
-2.3%
-1.9%
0.7%
-0.5%
-2.6%
0.3%
-1.8%
-1.7%
2.1%
-2.2%
-2.2%
-3%
-2.8%
-0.7%
-1.4%
-2.1%
-1.3%
-1.8%
-2.6%
0.5%
-2.5%
2.8%
2.6%
-5.3%
3.2%
3.3%
2.1%
-0.1%
3%
2%
3%
1%
2.6%
0.3%
0.7%
2.3%
1.2%
-1.8%
-1.3%
3%
-1.6%
-6.3%
-5.5%
4.7%
-6%
-5.8%
-6.6%
-0.2%
-6.6%
9.8%
12.5%
-16.4%
12.8%
4.5%
5.7%
8.3%
5.1%
1.2%
-0.5%
3.9%
-0.4%
5.5%
5.3%
-5.9%
5.8%
2.2%
2.2%
3.6%
1.2%
0.6%
2.6%
0.6%
2.5%
1.5%
0.8%
1%
0.5%
-0.8%
-2.3%
1.3%
-2.6%
1.1%
0.1%
-3.7%
0.1%
4%
2.8%
-3.9%
2.8%
10.5%
37.7%
-7.7%
35.7%
30.6%
23.1%
5.1%
22.6%
4.7%
-6.6%
17.9%
-6.3%
1.2%
-0.7%
-7.5%
-0.5%
2%
5.4%
-2.5%
4.7%
1.1%
1.8%
3.6%
1.7%
1.6%
4.3%
0.1%
3.1%
1%
0.4%
2.1%
0.3%
1.4%
4%
-1.1%
2.5%
3.2%
3.6%
-0.7%
4.1%
1.2%
3.3%
2.9%
1.1%
1%
6.2%
0.1%
6.6%
-14.6%
-18.8%
21.2%
-19.9%
-16%
-5.8%
-3.9%
-5.6%
-3.6%
0.3%
-2%
0.3%
-0.7%
0%
1%
-0.1%
0.3%
0.8%
-0.4%
0.1%
0.2%
0.5%
-0.1%
0%
0.4%
0.4%
-0.4%
0.7%
-0.4%
1.6%
1.1%
0.9%
0.6%
-1%
0.3%
-1.4%
-0.3%
1.5%
-1.1%
1.4%
0.4%
0.7%
1%
0.7%
-0.6%
-1.1%
1.3%
-1.7%
-0.4%
-0.8%
-1.3%
-0.7%
-0.8%
-0.7%
0.1%
-0.7%
-0.4%
0%
-0.3%
-0.2%
-0.8%
-0.2%
0.6%
-0.4%
0.3%
-0.2%
-0.7%
-0.3%
0.1%
-0.6%
-0.4%
-0.5%
-0.7%
1%
0.2%
0.8%
0.6%
-2.5%
0.2%
-2.7%
-0.2%
0.5%
-2.5%
0.4%
0.4%
-0.9%
-0.3%
1.2%
0.2%
-1.5%
0.3%
0%
0.4%
0.3%
-0.1%
2.6%
2.9%
-2.7%
2.2%
-1.4%
-1.1%
3.6%
-1.8%
0.3%
-0.2%
-2.1%
-0.2%
-0.7%
-0.4%
0.5%
-1.4%
1.1%
0.7%
-2.5%
0.6%
1.5%
0.3%
-0.9%
-0.2%
-2.5%
-2.6%
2.3%
-3%
0.3%
0.5%
-3.3%
-0.4%
0.4%
-1%
-0.8%
-0.2%
0.5%
-0.7%
-0.7%
-0.7%
1.7%
1.7%
-2.4%
1.5%
1.3%
-0.8%
0.2%
-0.3%
-0.8%
-0.9%
0.5%
-1.2%
2.4%
2.1%
-3.6%
2.1%
0.5%
0.7%
1.6%
0.6%
-0.8%
-1.2%
1.4%
-1.4%
-2%
-4.1%
0.6%
-3.5%
0.5%
0.8%
-4%
0.9%
0.2%
-0.7%
0.7%
-0.5%
-2%
-2.1%
1.5%
-2.3%
-2.3%
-2.8%
-3%
-1.5%
-2.7%
-1.5%
-2.2%
-1.6%
-3.5%
-0.6%
-3.9%
-2%
-1.7%
-1.9%
-1.6%
-0.5%
-2.2%
-1.1%
-1.9%
-0.8%
-1.6%
-1.1%
-1.3%
-0.37%
-0.4%
-0.93%
-0.2%
0.5%
-0.1%
-0.7%
0.2%
-1.2%
-1.7%
1.4%
-1.6%
0.06%
-1.7%
-1.66%
-3.1%
0.3%
-0.6%
-3.4%
-0.8%
0.4%
0.2%
-1.2%
0.2%
-0.1%
-0.6%
0.3%
-0.3%
-0.52%
0.1%
0.22%
-0.1%
0.25%
-0.9%
-0.35%
-0.9%
0.64%
-1.8%
-1.54%
-1.8%
-0.06%
1.6%
-1.74%
1.6%
-1.6%
-2.4%
3.2%
-2.8%
-0.08%
-2.7%
-2.72%