Swiss Retail Sales, February: Stable Nominal and +0.6 Percent Real

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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:

Neuchâtel, 3 April 2018 (FSO) – Turnover in the retail sector remained stable in nominal terms in February 2018 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.3% 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 fell by 0.2% in February 2018 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 0.3%. Retail sector excluding service stations Adjusted for sales days and holidays, the retail sector excluding service stations showed a 0.1% decrease in nominal turnover in February 2018 compared with February 2017 (in real terms -0.2%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 0.8% (in real terms +1.1%), whereas the non-food sector registered a nominal negative of 1.0% (in real terms -0.7%). Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 0.3% compared with the previous month (in real terms +0.3%). Retail sales of food, drinks and tobacco registered a plus of 0.9% (in real terms +0.9%). The non-food sector showed a minus of 0.5% (in real terms -0.6%).

Switzerland Retail Sales YoY, Apr 2013 - 2018 (see more posts on Switzerland Retail Sales, ) Source: Investing.com - Click to enlarge

Download press release Swiss retail trade turnover remains unchanged in February 2018

About Swiss Statistics

The Swiss Federal Statistics Office publishes information on the situation and developments in Switzerland in a multitude of fields and plays a part in enabling comparisons at an internal level.

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