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Swiss Retail Sales, November 2020: 1.0 percent Nominal and 1.7 percent Real

 

07.01.2021 – Turnover adjusted for sales days and holidays rose in the retail sector by 1.0% in nominal terms in November 2020 compared with the previous year. Seasonally adjusted, nominal turnover fell by 2.4% compared with the previous month. These are the provisional findings from the Federal Statistical Office (FSO).

Real turnover adjusted for sales days and holidays rose in the retail sector by 1.7% in November 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 2.0%.

Retail sector excluding service stations

Adjusted for sales days and holidays, the retail sector excluding service stations showed a 2.7% increase in nominal turnover in November 2020 compared with November 2019 (in real terms +3.2%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 8.3% (in real terms +7.7%), whereas the non-food sector registered a nominal negative of 1.7% (in real terms -0.4%).

Switzerland Retail Sales YoY, November 2020

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Switzerland Retail Sales YoY, November 2020

Source: investing.com - Click to enlarge

Excluding service stations, the retail sector showed a seasonally adjusted decline in nominal turnover of 2.4% compared with the previous month (in real terms -2.1%). Retail sales of food, drinks and tobacco registered a nominal minus of 0.3% (in real terms +0.1%). The non-food sector showed a minus of 3.2% (in real terms -2.7%).

Download press release: Turnover in the Swiss retail sector increased by 1% in November

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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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