The Consumer Spending Index (CSI) Switzerland remained practically unchanged (+0.2%) in November 2025 compared to the same month in the previous year. Negative growth rates at the point-of-sale were compensated by a strong increase in E-commerce (+8.3%).

Compared to October 2025, spending growth declined across all categories. This was especially pronounced in Retail: Food, beverage, tobacco (+0.7%), which experienced a large increase in the previous month.

Northwestern (+0.5%) was the only region with a positive yearly growth rate in consumer expenditures in November 2025. This positive growth was in part driven by the point-of-sale expenditures in Accommodation (+3.2%), where all other regions recorded substantial declines.

A detailed overview and the underlying data are available here: Consumer Spending Index.

Consumer Spending Index (CSI) Switzerland

The CSI Switzerland is a joint initiative of the University of St.Gallen and its research partner Worldline Switzerland AG. The high-frequency index is granular across regions and broad product categories and allows for a consistent analysis over multiple years. It is updated monthly.