31.3.2022 – Turnover adjusted for sales days and holidays rose in the retail sector by 13.3% in nominal terms in February 2022 compared with the previous year. This sharp increase can partly be explained by the low figure for February 2021, when COVID-19 protective measures were reintroduced. Seasonally adjusted, nominal turnover rose by 0.4% 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 12.8% in February 2022 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 0.3%.
Retail trade excluding service stations and comparison with pre-pandemic period Adjusted for sales days and holidays, the retail sector excluding service stations showed a 12.6% increase in nominal turnover in February 2022 compared with February 2021 (in real terms +12.4%). If the results of the indices are compared with the results of February 2020, i.e. the last February before the outbreak of the pandemic, the rates of change are lower: The two-year comparison shows an increase in retail trade turnover excluding service stations for February 2022 compared with February 2020 of 4.1% in nominal terms (+4.5% in real terms). From this perspective, all sectors were able to show an increase in turnover. Retail sales of food, drinks and tobacco registered a decline in nominal turnover of 3.8% (in real terms –3.3%), whereas the non-food sector registered a nominal plus of 35.2% (in real terms +33.8%). |
Switzerland Retail Sales YoY, February 2022(see more posts on Switzerland Retail Sales, ) - Click to enlarge |
Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 0.3% compared with the previous month (in real terms +0.1%). Retail sales of food, drinks and tobacco registered a plus of 0.9% (in real terms +0.7%). The non-food sector showed a plus of 0.9% (in real terms +0.7%).
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