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Swiss Retail Sales, October 2020: 2.6 percent Nominal and 3.1 percent Real

 

30.11.2020 – Turnover adjusted for sales days and holidays rose in the retail sector by 2.6% in nominal terms in October 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 3.3% 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 3.1% in October 2020 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 3.2%.

Retail sector excluding service stations

Adjusted for sales days and holidays, the retail sector excluding service stations showed a 4.5% increase in nominal turnover in October 2020 compared with October 2019 (in real terms +4.7%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 10.7% (in real terms +9.7%), whereas the non-food sector registered a nominal negative of 1.1% (in real terms –0.1%).

Switzerland Retail Sales YoY, October 2020

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Switzerland Retail Sales YoY, October 2020

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Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 3.8% compared with the previous month (in real terms +3.7%). Retail sales of food, drinks and tobacco registered a plus of 5.6% (in real terms +5.4%). The non-food sector showed a plus of 1.8% (in real terms +1.6%).

 

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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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