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(see more posts on Switzerland Retail Sales, ) 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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