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

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© 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 ...

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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.


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