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- Swiss retail trade turnover fell in March
Swiss retail trade turnover fell in March
According to the report from Federal Statistical Office (FSO), turnover in the retail sector fell by 0.5% in nominal terms in March 2019 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.1% compared with the previous month.
Real turnover in the retail sector also adjusted for sales days and holidays fell by 0.7% in March 2019 compared with the previous year. Economists had expected a 0.4% decrease. Compared with the previous month, real, seasonally adjusted retail trade turnover registered a decline of 0.2%.
Adjusted for sales days and holidays, the retail sector excluding service stations showed a 0.3% decrease in nominal turnover compared with March 2018 (in real terms –0.6%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 0.5% (in real terms–0.4%), whereas the non-food sector registered a nominal negative of 0.5% (in real terms –0.4%).
Excluding service stations, the retail sector showed a seasonally adjusted stagnation in nominal turnover compared with the previous month (in real terms –0.2%). Retail sales of food, drinks and tobacco registered a plus of 0.3% (in real terms +0.3%). The non-food sector showed a minus of 0.3% (in real terms –0.5%).
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