Retail sales fall in February
Published: Tuesday, Apr 2nd 2024, 08:50
Updated At: Tuesday, Apr 2nd 2024, 09:00
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Swiss retailers generated less turnover in February 2024 than a year ago. Turnover fell both in nominal terms and taking inflation into account.
In February, sales at Swiss retailers fell by 0.4% in nominal terms compared to the previous year, according to provisional results published by the Federal Statistical Office (FSO) on Tuesday. The development is adjusted for sales and holiday effects.
In real terms - i.e. taking into account factors such as inflation - sales fell by 0.2% year-on-year.
Excluding the sales trend at petrol stations, sales rose by 0.1% in nominal terms (+0.2% in real terms). According to the FSO, retail sales of food, beverages and tobacco grew by 0.7% in nominal terms (-0.4% in real terms), while the non-food sector stagnated (+1.1% in real terms).
Also down on the previous month
Compared to the previous month of January, retail sales in this country fell by 0.2% in nominal and seasonally adjusted terms. In real terms, this resulted in a fall of 0.1% compared to the previous month. Excluding petrol stations, retail sales remained unchanged compared to January in nominal and seasonally adjusted terms (+0.1% in real terms).
Compared to the previous month, sales in the food, beverages and tobacco retail sector rose by 0.4% (+0.4% in real terms). The non-food sector recorded a nominal increase of 0.2% (+0.5% 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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