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Swiss Retail Sales, August 2020: 1.6 percent Nominal and 2.5 percent Real

 

01.10.2020 – Turnover adjusted for sales days and holidays rose in the retail sector by 1.6% in nominal terms in August 2020 compared with the previous year. Seasonally adjusted, nominal turnover fell by 2.1% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

Real turnover adjusted for sales days and holidays rose in the retail sector by 2.5% in August 2020 compared with the previous year. Real growth takes inflation into consideration. Compared with the previous month, real, seasonally adjusted retail trade turnover registered a decline of 1.9%.

Activity in the sectors

Adjusted for sales days and holidays, the retail sector excluding service stations showed a 2.8% increase in nominal turnover in August 2020 compared with August 2019 (in real terms +3.4%). Turnover at service stations continued to fall (–12.4% in nominal terms; +2.5% in real terms).

Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 8.4% (in real terms +8.1%), whereas the non-food sector registered a nominal negative of 1.7% (in real terms –0.4%). The sectors “information and communication equipment” (+23.5%; +33.1% in real terms) and “market stalls, retail sale via mail order houses or via internet” (+20.1%; + 20.8% in real terms) continued to show strong turnover growth. The sector “other goods, (clothing, chemists, watches and jewellery)” in contrast, recorded the greatest decline with 13.2% less turnover (–12.5 in real terms).

Switzerland Retail Sales YoY, August 2020

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Switzerland Retail Sales YoY, August 2020

Source: investing.com - Click to enlarge

Excluding service stations, the retail sector showed a seasonally adjusted decline in nominal turnover of 2.2% compared with the previous month (in real terms –2.0%). Retail sales of food, drinks and tobacco registered a nominal minus of 0.8% (in real terms –0.3%). The non-food sector showed a minus of 2.9% (in real terms –3.1%).

Download press release: Swiss retail trade grew by 1.6% in August 2020

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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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