Retail sales increase slightly in October
Published: Monday, Dec 2nd 2024, 10:40
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The Swiss retail trade achieved slightly higher turnover in October. Adjusted for the effects of sales and public holidays, retail sales rose by 0.1% in nominal terms compared to the same month last year.
In real terms - after taking inflation into account - the increase amounted to 1.4%, as the Federal Statistical Office (FSO) announced on Monday based on provisional results. In the previous month of September, however, the nominal increase of 0.6 percent and the real increase of 1.8 percent were even higher.
Excluding petrol station sales, the retail sector grew by a nominal 0.7% in October. Petrol station sales alone, on the other hand, declined significantly by -7.6% in October.
Sales of information and communication technology equipment increased by 3.4%, while sales of other household appliances, textiles, DIY and furnishings fell by 3.4%. Sales of publishing products, sports equipment and toys fell by 0.2%.
The FSO's retail sales statistics are based on a random sample of around 3,000 companies. It is a monthly survey, with small companies being asked about their monthly turnover on a quarterly basis.
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