Considerable decrease in Swiss retail trade turnover in February
30.11.2020 - Turnover adjusted for sales days and holidays rose in the retail sector by 2.6% in nominal terms in October 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 3.3% 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 3.1% in October 2020 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 3.2%.
Retail sector excluding service stations
Adjusted for sales days and holidays, the retail sector excluding service stations showed a 4.5% increase in nominal turnover in October 2020 compared with October 2019 (in real terms +4.7%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 10.7% (in real terms +9.7%), whereas the non-food sector registered a nominal negative of 1.1% (in real terms –0.1%).
Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 3.8% compared with the previous month (in real terms +3.7%). Retail sales of food, drinks and tobacco registered a plus of 5.6% (in real terms +5.4%). The non-food sector showed a plus of 1.8% (in real terms +1.6%).
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