Retail trade with lower turnover in 2023
Published: Wednesday, Jan 31st 2024, 09:00
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In 2023, Swiss retail sales were slightly lower than in the previous year. Without price increases, the decline would have been even more pronounced.
Overall, sales at local retailers fell by 0.1%, according to provisional figures released by the Federal Statistical Office (FSO) on Wednesday. The slight decline is due to inflation. This is because real turnover, i.e. excluding inflation, fell by 2.0%.
In December alone, however, sales rose by 0.1% in nominal terms compared to the same month last year (adjusted for sales and holiday effects). Excluding price mark-ups (in real terms), however, sales fell by 0.8%.
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