01.03.2016 09:15 – FSO, Economic Surveys (0353-1602-20)
Retail trade turnover in January 2016
Swiss retail trade turnover falls by 1.3% in nominal term, +0.2% yoy in retail
Neuchâtel, 01.03.2016 (FSO) – Turnover in the retail sector fell by 1.3% in nominal terms in January 2016 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.5% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).
Real turnover in the retail sector also adjusted for sales days and holidays rose by 0.2% in January 2016 compared with the previous year. The real growth takes inflation into consideration. Compared with the previous month, real, seasonally adjusted retail trade turnover fell by 0.3%.
Core Retail Sales: Excluding service stations, Real +0.6% YoY
Adjusted for sales days and holidays, the retail sector excluding service stations registered a 0.8% decrease in nominal turnover in January 2016 compared with January 2015 (in real terms +0.6%).
Retail sales of food, drinks and tobacco registered a decrease in nominal turnover of 2.4% compared with January 2015 (in real terms -1.0%), whereas the non-food sector registered a nominal plus of 0.8% (in real terms +2.7%).
Excluding service stations, the retail sector showed a seasonally adjusted decrease in nominal turnover of 0.3% compared with the previous month (in real terms -0.2%). Retail sales of food, drinks and tobacco registered a nominal minus of 0.1% (in real terms unchanged). The non-food sector showed a minus of 0.6% (in real terms -0.2%).
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