Monday , March 18 2024
Home / SNB & CHF / Swiss retail sales up 30 percent in May after COVID-19 measures eased

Swiss retail sales up 30 percent in May after COVID-19 measures eased

Summary:
© Nora Tarvus | Dreamstime.com Recently published figures show a overall jump of 30.2% in retail sales in May 2020 compared to April 2020. May’s rise of 30.2% follows falls of 6.5% in March and 13.7% in April. However not all retail sectors experienced the same rise in May sales. Food, drink and tobacco sales ...

Topics:
Investec considers the following as important: , , ,

This could be interesting, too:

Marc Chandler writes Euro’s Recovery to .09 Looks Vulnerable while Yen Falls to New Lows for the Week After Strong Pay Raises Confirmed

Frank Hollenbeck writes Zurechtkommen mit der Komplexität des Klimawandels. Eine genauere Betrachtung der wissenschaftlichen Methode und ihrer Einschränkungen

Swiss Customs writes L’OFDF mandate un prestataire de service de base pour la RPLP

Swissinfo writes Investigation into collapse of Credit Suisse beset by delays

Swiss retail sales up 30 percent in May after COVID-19 measures eased

© Nora Tarvus | Dreamstime.com

Recently published figures show a overall jump of 30.2% in retail sales in May 2020 compared to April 2020.

May’s rise of 30.2% follows falls of 6.5% in March and 13.7% in April.

However not all retail sectors experienced the same rise in May sales. Food, drink and tobacco sales rose 3.4% and fuel sales were up 6.3% month on month. Clothing and shoe sales were up a whopping 433.5% compared to April.

Clothing and shoe sales fell 55.4% and 61.0% in March and April, so a steep rise in May (433.5%) was not unexpected.

Food, drink and tobacco sales were up 6.8% in March and down 1.7% in April. The rise of 3.4% in May left retail sales of these products solidly up over three months.

May’s rise (6.3%) in fuel sales failed to make up for lost sales in March (-19.8%) and April (-22.5%). But consumers were never going to make up for driving they didn’t do in March and April in May.

Online sales only rose 2.0% in May, after rising 7.3% in March and 15.6% in April.


Tags: ,
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *