The Used Goods Question
Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years.
In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so that used goods do not lose their value so quickly. Hence used goods have higher economic value in these countries than in others.
From the press release
Swiss real retail sales +0.4% MoM, +0.9% YoY
Turnover in the retail sector rose by 0.2% in nominal terms in November 2016 compared with the previous year. This is the first increase since December 2014. Seasonally adjusted, nominal turnover rose by 0.4% 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 0.9% in November 2016 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 0.7%.
Retail sector excluding service stations
Adjusted for sales days and holidays, the retail sector excluding service stations showed a 0.1% increase in nominal turnover in November 2016 compared with November 2015 (in real terms +0.8%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 0.3% (in real terms -0.2%), whereas the non-food sector registered zero growth (in real terms +2.0%).
Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 0.4% in November compared with the previous month (in real terms +0.9%). Retail sales of food, drinks and tobacco registered a plus of 0.1% (in real terms +0.2%). The non-food sector showed a plus of 1.0% (in real terms +1.9%).
Switzerland Retail Sales YoY, December 2016(see more posts on Switzerland Retail Sales, )
Americans buy more and more new things
On the other side of the Atlantic, consumers don’t stop buying new cars. While Americans consume, the Swiss reuse and produce.
We will add the graph for medical consumption, while especially the Swiss pharma giants produce.
U.S. Light Vehicle Sales
Download press release: Retail trade turnover in November 2016
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Tags: newslettersent,Switzerland Consumer Price Index