by 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 November 2016 Swiss retail trade turnover growth by 0.9% Neuchâtel, 09.01.2017 (FSO) – Turnover in the retail sector rose by 0.2% in nominal terms in November 2016 compared with the previous year. This is the first increase since December 2014. Seasonally adjusted, nominal turnover rose by 0.4% 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 rose by 0.9% in November 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 0.7%.
Topics:
Swiss Statistics considers the following as important: Featured, newslettersent, Swiss Macro, Switzerland Consumer Price Index
This could be interesting, too:
Alex J. Pollock writes How Does the Federal Reserve Fit into Our Constitutional Order?
Adnan Al-Abbar writes What Can Carl Menger Teach Us about Falafel Sandwiches?
James Bovard writes Biden Perpetuates Washington’s Idiotic Steel Trade Policies
Alex J. Pollock writes The Federal Reserve’s Capital Has Now Plummeted to Negative 1 Billion
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 November 2016
Swiss retail trade turnover growth by 0.9%
Neuchâtel, 09.01.2017 (FSO) – Turnover in the retail sector rose by 0.2% in nominal terms in November 2016 compared with the previous year. This is the first increase since December 2014. Seasonally adjusted, nominal turnover rose by 0.4% 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 rose by 0.9% in November 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 0.7%. |
Switzerland Retail Sales YoY, December 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 0.1% increase in nominal turnover in November 2016 compared with November 2015 (in real terms +0.8%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 0.3% (in real terms -0.2%), whereas the non-food sector registered zero growth (in real terms +2.0%).
Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 0.4% in November compared with the previous month (in real terms +0.9%). Retail sales of food, drinks and tobacco registered a plus of 0.1% (in real terms +0.2%). The non-food sector showed a plus of 1.0% (in real terms +1.9%).
Download press release: Retail trade turnover in November 2016
Tags: Featured,newslettersent,Switzerland Consumer Price Index