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Retail trade turnover in March 2023 Swiss retail trade turnover grew by 0.9% in March 2023

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Swiss retail trade turnover rose in January 2024 by 0.6%

28.04.2023 - Turnover adjusted for sales days and holidays rose in the retail sector by 0.9% in nominal terms in March 2023 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.2% 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 1.9% in March 2023 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 0.1%.

Retail sector excluding service stations

Adjusted for sales days and holidays, the retail sector excluding service stations showed a 1.6% increase in nominal turnover in March 2023 compared with March 2022 (in real terms –1.3%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 1.0% (in real terms –4.2%), whereas the non-food sector registered a nominal plus of 1.7% (in real terms +0.3%).

Excluding service stations, the retail sector showed a seasonally adjusted decline in nominal turnover of 0.2% compared with the previous month (in real terms –0.1%). Retail sales of food, drinks and tobacco registered a nominal minus of 0.5% (in real terms –0.8%). The non-food sector showed a minus of 0.4% (in real terms –0.3%).

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Swiss retail trade turnover grew by 0.9% in March 2023
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