by Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs The Used Goods Question Retail sales in several countries like Germany, Italy, Japan and Switzerland continue to fall. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so that used goods do not lose their value so quickly. Hence used goods have higher economic value in these countries than in others. Retail trade turnover in September 2016 Swiss retail trade turnover falls by 2.7% Neuchâtel, 01.11.2016 (FSO) – Turnover in the retail sector fell by 2.7% in nominal terms in September 2016 compared with the previous year. This decline has been ongoing since January 2015. Seasonally adjusted, nominal turnover fell by 0.1% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover in the retail sector also adjusted for sales days and holidays fell by 2.3% in September 2016 compared with the previous year. Real growth takes inflation into consideration.
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Introduction by George Dorgan
My articles About meMy books
Follow on:TwitterFacebookGoogle +Youtube
Seeking AlphaCFA SocietyLinkedINEconomicBlogs
The Used Goods Question
Retail sales in several countries like Germany, Italy, Japan and Switzerland continue to fall. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so that used goods do not lose their value so quickly. Hence used goods have higher economic value in these countries than in others.
Retail trade turnover in September 2016
Swiss retail trade turnover falls by 2.7%
Neuchâtel, 01.11.2016 (FSO) – Turnover in the retail sector fell by 2.7% in nominal terms in September 2016 compared with the previous year. This decline has been ongoing since January 2015. Seasonally adjusted, nominal turnover fell by 0.1% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).
| Real turnover in the retail sector also adjusted for sales days and holidays fell by 2.3% in September 2016 compared with the previous year. Real growth takes inflation into consideration. Compared with the previous month, real, seasonally adjusted retail trade turnover registered an increase of 0.2%. |
Switzerland Retail Sales YoY, September 2016(see more posts on Switzerland retail sales, ) . Source: Investing,.com - Click to enlarge |
Retail sector excluding service stations
Adjusted for sales days and holidays, the retail sector excluding service stations showed a 2.7% decrease in nominal turnover in September 2016 compared with September 2015 (in real terms -2.4%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 0.6% (in real terms +0.2%), whereas the non-food sector registered a nominal negative of 5.8% (in real terms
-4.4%).
Excluding service stations, the retail sector showed a seasonally adjusted decline in nominal turnover of 0.2% compared with the previous month (in real terms +0.2%). Retail sales of food, drinks and tobacco registered a nominal stagnation (in real terms +0.4%). The non-food sector showed a minus of 0.8% (in real terms -0.5%).