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- Swiss retail trade turnover rose in October
Swiss retail trade turnover rose in October
According to the report from Federal Statistical Office (FSO), turnover adjusted for sales days and holidays rose in the retail sector by 0.1% in nominal terms in October 2019 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.9% compared with the previous month. Real turnover adjusted for sales days and holidays rose in the retail sector by 0.7% in October 2019 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 1.0%.
Adjusted for sales days and holidays, the retail sector excluding service stations showed a 0.5% increase in nominal turnover in October 2019 compared with October 2018 (in real terms +1.1%). Retail sales of food, drinks and tobacco registered a decline in nominal turnover of 1.6% (in real terms -0.9%), whereas the non-food sector registered a nominal plus of 2.2% (in real terms +2.8%).
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 +1.1%). Retail sales of food, drinks and tobacco registered a nominal minus of 0.5% (in real terms -0.1%). The non-food sector showed a plus of 1.4% (in real terms +1.5%).
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