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Swiss Retail Sales, January 2021: -0.9 percent Nominal and -0.5 percent Real

 

01.03.2021 – Turnover adjusted for sales days and holidays fell in the retail sector by 0.9% in nominal terms in January 2021 compared with the previous year. Seasonally adjusted, nominal turnover fell by 4.9% compared with the previous month. The economic sectors were affected to varying degrees. These are some of the findings from the Federal Statistical Office (FSO).

Real turnover adjusted for sales days and holidays fell in the retail sector by 0.5% in January 2021 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 5.3%.

Non-food sector with a severe loss in turnover

While retail sales of food, drinks and tobacco recorded an increase in nominal turnover of 13.7% (in real terms +13.9%) the non-food sector registered a nominal minus of 10.4% (in real terms –10.1%). The sectors “other goods (clothing, chemists, watches and jewellery)” (–19.2%; in real terms –18.9%), “cultural and recreation goods in specialised stores” (–14.6%; in real terms –15.1%) as well as the sector “other household equipment, textiles, DIY and furniture” (–7.2%; in real terms –7.4%) were particularly affected by the measures introduced by the authorities to contain the second wave of the Covid-19 pandemic. In contrast, the sectors “information and communication equipment” (+32.3%; +41.0% in real terms) and “market stalls, retail sale via mail order houses or via internet” (+21.8%; + 21.9% in real terms) were able to report positive turnover figures.

Switzerland Retail Sales YoY, January 2021

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Switzerland Retail Sales YoY, January 2021

Source: investing.com - Click to enlarge

Adjusted for sales days and holidays, the retail sector excluding service stations registered a 1.0% growth in nominal turnover in January 2021 compared with January 2020 (+1.3% in real terms). The result for service stations was a loss of turnover of 22.2% (in real terms –16.4%).

Excluding service stations, the retail sector showed a seasonally adjusted decline in nominal turnover of 5.1% compared with the previous month (in real terms –5.5%). Retail sales of food, drinks and tobacco registered a nominal minus of 1.2% (in real terms –0.9%). The non-food sector showed a minus of 11.0% (in real terms –11.6%).

Download press release: Second wave of Covid-19 pandemic led to a minus of 0.9% in Swiss retail trade in January 2021

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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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