The Swiss Times - Swiss News in English

Retail trade with lower turnover in 2023

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%.


Most Read

Delivery Services in Switzerland Have New Competition

22 February 2024
Delivery service
An Austrian company opens it's first online supermarket outside the country. Targeting the greater Zurich area.

Swiss Semi-Conductor Government Initiative: Will it Work?

23 February 2024
Swiss semiconductor
SwissChips Initiative represents Switzerland's strategic move to bolster its semiconductor industry amidst global competition.

Murder in Frauenfeld: Trial for the Murder of an Egyptian

22 February 2024
Murder in Frauenfeld
Two men face murder charges over the 2007 killing of a 27-year-old Egyptian, whose body was discovered submerged in Barchetsee.

Swiss CEO Vranckx Moves to the Lufthansa Executive Board

23 February 2024
Swiss CEO
Swiss CEO Dieter Vranckx moves to Lufthansa as Chief Commercial Officer, after leading Swiss through challenging times.

Stay in Touch!


Swiss biotech
Swiss Biotech Firm Idorsia: Stock Soars – but Why?
26 February 2024
Decathlon Opens 5 more Stores in Switzerland
26 February 2024