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 (see more posts on Switzerland Retail Sales, ) .

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%).