Retail sales increase in July
Published: Monday, Sep 2nd 2024, 09:00
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In July, the Swiss retail trade achieved higher sales than a year ago, following a decline in June. This was mainly due to increased income in the food sector.
In July 2024, sales at Swiss retailers rose by 1.5% in nominal terms compared to the previous year, according to provisional results published by the Federal Statistical Office (FSO) on Monday. The trend is adjusted for sales and holiday effects. In real terms - i.e. also taking inflation into account - sales even rose by 2.7% year-on-year after adjusting for calendar effects.
If the sales trend at petrol stations is excluded, sales climbed by 1.6% in nominal terms. Retail sales of food, beverages and tobacco products increased in particular, while the non-food sector grew only minimally.
Food segment also up on previous month
Compared to the previous month of June, retail sales also grew, with a nominal increase of 2.0%. Here too, sales of food, beverages and tobacco products were the main drivers.
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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