Marked decline in Swiss retail trade turnover of 5.9% in March 2022 - also due to pandemic-related high in previous year
02.09.2021 - Turnover adjusted for sales days and holidays fell in the retail sector by 2.9% in nominal terms in July 2021 compared with the previous year. Seasonally adjusted, nominal turnover fell by 2.6% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).
Real turnover adjusted for sales days and holidays fell in the retail sector by 2.6% in July 2021 compared with the previous year. Real growth takes inflation into consideration. Compared with the previous month, real, seasonally adjusted retail trade turnover registered a decline of 2.8%.
Retail sector excluding service stations
Adjusted for sales days and holidays, the retail sector excluding service stations showed a 3.6% decrease in nominal turnover in July 2021 compared with July 2020 (in real terms –3.0%). Retail sales of food, drinks and tobacco registered a decline in nominal turnover of 5.9% (in real terms –4.3%), whereas the non-food sector registered a nominal negative of 1.5% (in real terms –1.5%).
Excluding service stations, the retail sector showed a seasonally adjusted decline in nominal turnover of 2.6% compared with the previous month (in real terms –2.8%). Retail sales of food, drinks and tobacco registered a nominal minus of 1.9% (in real terms –2.1%). The non-food sector showed a minus of 2.8% (in real terms –2.7%).
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