Swiss Retail Sales, January: Minus 2% Nominal and Minus 1.4% Real

Summary:
The Used Goods Question Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years. 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. From the press release: Neuchâtel, 02.03.2017 (FSO) – Turnover in the retail sector fell by 2.0% in nominal terms in January 2017 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.6% 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 1.4% in January 2017 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 0.6%. Retail sector excluding service stations Adjusted for sales days and holidays, the retail sector excluding service stations showed a 2.

Topics:
George Dorgan considers the following as important: Featured, newslettersent, Swiss Macro, Switzerland retail sales

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