Retail trade turnover in March 2021 Swiss retail trade turnover rises steeply in March
Record rise in Swiss retail trade in April 2021 - also due to the low pandemic-related figure of the previous year
30.04.2021 - Turnover adjusted for sales days and holidays rose in the retail sector by 21.5% in nominal terms in March 2021 compared with the previous year. This sharp increase is mainly due to the low value for March 2020 when the Covid-19 pandemic first began to filter through. Seasonally adjusted, nominal turnover rose by 21.9% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).
Real turnover adjusted for sales days and holidays rose in the retail sector by 22.6% in March 2021 compared with the previous year. Real growth takes inflation into consideration. Compared with the previous month, real, seasonally adjusted retail trade turnover registered an increase of 22.1%.
Activity in the sectors
Adjusted for sales days and holidays, the retail sector excluding service stations showed a 22.3% increase in nominal turnover in March 2021 compared with March 2020 (in real terms +23.5%). Service stations recorded a nominal turnover increase of 10.9% (real +2.0%).
Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 7.0% (in real terms +8.5%), whereas the non-food sector registered a nominal plus of 39.9% (in real terms +41.1%). All sectors recorded strong increases. Particularly the sector “other household equipment, textiles, DIY and furniture” (+88.5%; real +90.1%). This was followed by the sectors “information and communication equipment” (+33.8%; real +42.8%), “other goods (clothing, chemists, watches and jewellery)” (+30.7%; real +31.9%), “cultural and recreation goods in specialised stores” (+29.7%; real +29.4%) and the sector “market stalls, retail sale via mail order houses or via internet” (+24.5%; real +25.1%).
Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 23.3% compared with the previous month (in real terms +23.6%). Retail sales of food, drinks and tobacco registered a plus of 5.7% (in real terms +5.8%). The non-food sector showed a plus of 43.9% (in real terms +44.0%).
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