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Retail trade turnover in March 2022 Marked decline in Swiss retail trade turnover of 5.9% in March 2022 - also due to pandemic-related high in previous year

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Swiss retail trade turnover remains unchanged in October 2022

29.04.2022 - Turnover adjusted for sales days and holidays fell in the retail sector by 5.9% in nominal terms in March 2022 compared with the previous year. This decline can mainly be explained by the high figure of March 2021, when the COVID-19 protection measures were lifted before the end of the month and turnover rebounded. Seasonally adjusted, nominal turnover rose by 0.9% 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 6.6% in March 2022 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 0.8%.

High turnover at service stations

Adjusted for sales days and holidays, the retail sector excluding service stations showed a 7.5% decrease in nominal turnover in March 2022 compared with March 2021 (in real terms –7.9%). The service stations recorded a nominal turnover increase of 45.1% (in real terms +17.0%).
Retail sales of food, drinks and tobacco registered a decline in nominal turnover of 8.7% (in real terms –9.0%), whereas the non-food sector registered a nominal negative of 5.8% (in real terms –6.9%).

Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 0.8% compared with the previous month (in real terms +0.8%). Retail sales of food, drinks and tobacco registered a nominal minus of 0.8% (in real terms –1.2%). The non-food sector showed a plus of 1.8% (in real terms +1.9%).

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Marked decline in Swiss retail trade turnover of 5.9% in March 2022 - also due to pandemic-related high in previous year
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