Retail sales down in June
Published: Tuesday, Aug 6th 2024, 09:00
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In June, Swiss retail sales were lower than a year ago, following a slight decline in May. The decline was greater in the food sector than in the non-food sector.
In June 2024, sales at Swiss retailers fell by 3.4% in nominal terms compared to the previous year, according to provisional results published by the Federal Statistical Office (FSO) on Tuesday. The trend is adjusted for sales and holiday effects. In real terms - i.e. also taking inflation into account - sales fell by 2.2% year-on-year after adjusting for calendar effects.
If the sales trend at petrol stations is excluded, sales fell by 3.5% in nominal terms (-2.2% in real terms). Retail sales of food, beverages and tobacco recorded a nominal decline of 4.1% (-3.9% in real terms), while sales in the non-food sector fell by 2.7% (-0.5% in real terms).
Almost stable compared to May
Compared to the previous month of May, retail sales remained almost stable, with a minimal drop of 0.1% in real terms. Excluding petrol stations, sales fell by 0.3% in nominal terms compared to the previous month (-0.1% in real terms).
Retail sales of food, beverages and tobacco fell by 0.7% compared to the previous month (-0.5% in real terms). The non-food sector recorded a nominal decline of 0.2% (-0.1% in real terms).
The Federal Statistical Office's retail sales statistics are based on a random sample of around 3,000 companies. It is a monthly survey, with small businesses being asked about their monthly turnover figures on a quarterly basis.
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