Retail sales rise in January
Published: Friday, Mar 1st 2024, 08:50
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At the start of the year, the Swiss retail trade achieved higher sales than a year ago. Sales increased both in nominal terms and taking inflation into account.
In January 2024, sales at Swiss retailers rose by a nominal 0.6% year-on-year, according to provisional results published by the Federal Statistical Office (FSO) on Friday. The trend is adjusted for sales and holiday effects.
In real terms - i.e. taking into account factors such as inflation - sales rose by 0.3% year-on-year.
Excluding the sales trend at petrol stations, sales rose by 0.8% in nominal terms (+0.4% in real terms). According to the FSO, the retail trade in food, beverages and tobacco recorded an increase in nominal sales of 0.3% (-1.7% in real terms), while the non-food sector registered a nominal increase of 1.3% (+1.9% in real terms).
Also up on the previous month
Compared to the previous month of December, retail sales in this country rose by 0.8% in nominal and seasonally adjusted terms. In real terms, this resulted in an increase of 0.7% compared to the previous month. Excluding petrol stations, the retail trade recorded a nominal, seasonally adjusted increase in turnover of 0.8% compared to December (+0.7% in real terms).
In a monthly comparison, retail sales of food, beverages and tobacco rose by 1.9% (+1.5% in real terms). The non-food sector recorded a nominal increase of 0.6% (+0.6% 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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