Swiss Retail Sales, June: 1.1 percent Nominal and 0.5 percent Real

Last update August 2, 2017

George Dorgan August 2, 2017 SNB & CHF

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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, 02.08.2017 (FSO) – Turnover in the retail sector rose by 1.1% in nominal terms in June 2017 compared with the previous year. Seasonally

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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, 02.08.2017 (FSO) – Turnover in the retail sector rose by 1.1% in nominal terms in June 2017 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.5% 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 1.5% in June 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 0.8%.

Retail sector excluding service stations

Adjusted for sales days and holidays, the retail sector excluding service stations showed a 0.9% increase in nominal turnover in June 2017 compared with June 2016 (in real terms +1.4%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 3.0% (in real terms +3.1%), whereas the non-food sector registered a nominal negative of 1.1% (in real terms +0.1%).

Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 0.5% compared with the previous month (in real terms +0.7%). Retail sales of food, drinks and tobacco registered a plus of 0.4% (in real terms +0.6%). The non-food sector showed a minus of 0.1% (in real terms +0.1%).