Sunday , November 24 2024
Home / SNB & CHF / Swiss Retail Sales, May 2020: 5.6 percent Nominal and 6.6 percent Real

Swiss Retail Sales, May 2020: 5.6 percent Nominal and 6.6 percent Real

Summary:
30.06.2020 – Turnover adjusted for sales days and holidays rose in the retail sector by 5.6% in nominal terms in May 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 30.2% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in the retail sector by 6.6% in May 2020 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 30.7%. Change in the sectors Adjusted for sales days and holidays, the retail sector excluding service stations showed an 8.2% increase in nominal turnover in May 2020

Topics:
Swiss Statistics considers the following as important: , , , ,

This could be interesting, too:

Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21

Charles Hugh Smith writes How Do We Fix the Collapse of Quality?

Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI

Michael Lebowitz writes Trump Tariffs Are Inflationary Claim The Experts

30.06.2020 – Turnover adjusted for sales days and holidays rose in the retail sector by 5.6% in nominal terms in May 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 30.2% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

Real turnover adjusted for sales days and holidays rose in the retail sector by 6.6% in May 2020 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 30.7%.

Change in the sectors

Adjusted for sales days and holidays, the retail sector excluding service stations showed an 8.2% increase in nominal turnover in May 2020 compared with May 2019 (in real terms +8.9%). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 20.8% (in real terms +20.1%), whereas the non-food sector registered a nominal negative of 3.2% (in real terms –1.7%). Sectors that have been negatively affected by the crisis reported varying growth patterns: While “other household equipment, textiles, DIY and furniture” saw gains (+16.5%; in real terms +18.4%), in the sector “other goods (clothing, chemists, watches and jewellery)” (–20.8%; in real terms –20.2%) turnover fell again although less than in April. Sustained and increased turnover growth were recorded by the sectors “market stalls, retail sale via mail order houses or via internet” (+29.4%; in real terms +30.0%) and “information and communication equipment” (+31.3%; in real terms +42.5%).

Excluding service stations, the retail sector showed a seasonally adjusted increase in nominal turnover of 32.1% compared with the previous month (in real terms +32.2%). Retail sales of food, drinks and tobacco registered a plus of 13.3% (in real terms +13.7%). The non-food sector showed a plus of 61.2% (in real terms +61.4%).

Switzerland Retail Sales YoY, May 2020

(see more posts on Switzerland Retail Sales, )
Swiss Retail Sales, May 2020: 5.6 percent Nominal and 6.6 percent Real

Source: investing.com - Click to enlarge

Download press release: Retail trade turnover soared in May 2020 after easing of COVID-19 measures


Tags: ,,
Swiss Statistics
The Swiss Federal Statistics Office publishes information on the situation and developments in Switzerland in a multitude of fields and plays a part in enabling comparisons at an internal level.

Leave a Reply

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