Swiss Retail Sales, December: Down 3.5% against last year

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  Swiss real retail sales -4.3% nominal -3.5% YoY real Turnover in the retail sector, adjusted for sales days and holidays, fell by 4.3% in nominal terms in December 2016 compared with the previous year. To put this into perspective, however, it should be noted that unadjusted turnover fell by only 0.7%. Seasonally adjusted, nominal turnover fell by 2.0% 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 3.5% in December 2016 compared with the previous year. Real growth takes inflation into consideration.

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Swiss Statistics considers the following as important: Featured, newsletter, Swiss Macro, Switzerland retail sales

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