Swiss Federal Statistical Office: 0.3% decline in retail sales in January 2019 YoY

Swiss Federal Statistical Office: 0.3 percent decline in retail sales in January 2019 YoY

(PRESS RELEASE) NEUCHÂTEL, 4-Mar-2019 — /EuropaWire/ — The retail sales in Switzerland have seen a slight decline of 0.3% in nominal terms in January 2019 as compared with the same month last year. The data is from the Swiss Federal Statistical Office (FSO) provisional findings, which are seasonally adjusted.

According to the survey, the real retail turnover has also fallen by 0.4% in January 2019 versus the previous year, as data is also adjusted for sales days and holidays. The inflation has also been taken into consideration when looked into the real growth.

The figure is pretty much the same when compared to the previous month where the real, seasonally adjusted retail trade turnover has shown a decline of 0.3% as well.

Excluding service stations, the retail sector saw a 0.4% decrease in nominal turnover in January 2019 as compared to January 2018, adjusted for sales days and holidays.

At the same time food, drinks and tobacco retail sales have seen an increase in nominal turnover of 0.8% (in real terms –0.2%) while the non-food sector registered a nominal negative of 1.4% (in real terms –1.0%).

Excluding service stations, the retail industry showed a seasonally adjusted decline in nominal turnover of 0.3% versus the previous month (in real terms –0.2%). Retail sales of food, drinks and tobacco registered a plus of 0.1% (in real terms +0.1%). The non-food sector has actually seen a zero growth (in real terms +0.2%).

SOURCE: Swiss Federal Statistical Office