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(see more posts on Switzerland Retail Sales, ) 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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