by Shoppers most often chose traditional retailers such as Migros and Coop over discounters and specialty shops for their groceries. Keystone / Laurent Gillieron Consumers spent 11.3% more on food and beverages in brick-and-mortar shops last year than they did in 2019, helping the food retail trade to pull in a record turnover of nearly CHF30 billion (.7 billion). In total, the average household spent CHF7,680 on comestibles, according to figures released on Thursday by the Federal Office for Agriculture (FOAG), which did not include online retail in its report. Consumers used over a third of their food budget to buy meat but spent significantly less (14%) on fruits and vegetables. More than one in 10 Swiss francs was spent on organic products. The figures also
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Business, Featured, newsletter
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
Shoppers most often chose traditional retailers such as Migros and Coop over discounters and specialty shops for their groceries. Keystone / Laurent Gillieron
Consumers spent 11.3% more on food and beverages in brick-and-mortar shops last year than they did in 2019, helping the food retail trade to pull in a record turnover of nearly CHF30 billion ($33.7 billion).
In total, the average household spent CHF7,680 on comestibles, according to figures released on Thursday by the Federal Office for Agriculture (FOAG), which did not include online retail in its report.
Consumers used over a third of their food budget to buy meat but spent significantly less (14%) on fruits and vegetables. More than one in 10 Swiss francs was spent on organic products.
The figures also revealed differences in spending habits among households. Urban dwellers bought less meat and milk than those living in rural areas. Families with children used the biggest share of their budget for meat products, while those without children spent most on vegetables and alcoholic drinks.
The Swiss showed a preference for traditional retailers such as Coop and Migros – accounting for nearly 77% of consumer spending on food – over discount shops (17%) and specialised outlets such as bakeries, green grocers and gas stations (6%). According to the FOAG, the retail trade is the biggest distribution channel for Swiss agricultural products.
Switzerland consistently ranks among the most expensive countries in Europe for consumer goods, particularly food and beverages. A study of online consumer banking data in April 2020 revealed that, as a result of the lockdown imposed to limit the spread of Covid-19, Swiss consumers were spending significantly less on clothing and cosmetics and more on food.
You Might Also Like
Weekly SNB Sight Deposits and Speculative Positions: SNB selling euros and dollars
2021-02-08
Update February 8 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -0.3 bn. compared to last week, this means the SNB is selling euros and dollars.
Why big companies fear the Responsible Business Initiative
2020-11-18
Big multinationals in Switzerland have been nearly unanimous in their rejection of an initiative to make companies more accountable for their actions abroad. What are they afraid of?
Vote November 29: Spotlight on ethical business practices
2020-11-15
A proposal to make Swiss-based multinationals accountable for their business practices abroad is tabled for a nationwide vote on November 29. An initiative aimed at restricting investments in the arms industry is the second issue on the ballot sheet.
Novartis boosts involvement in anti-Covid treatment
2020-10-31
The biotech company and the pharmaceutical giant want to develop and market a drug with a unique approach for the prevention and treatment of Covid-19.
Swiss refiner breaks industry silence on sourcing gold from risky areas
2020-10-10
In a rare interview, PX Precinox CEO Philippe Chave defends his company’s record in Peru and says abandoning artisanal miners is not the way to achieve more sustainable and transparent mining practices.
Home office could lead to 10 percent less office space
2020-10-04
Despite the easing of Covid-19 measures, remote working is still widespread in Switzerland, with almost a third of service sector employees still working from home.
The slow but steady progress of driverless buses in Switzerland
2020-09-27
Over the past five years, various kinds of autonomous vehicles, including buses, have popped up on Swiss roads. But though testing continues, a driverless future might yet be some years away.
How I built my own Swiss watch – in a day
2020-08-19
Imagine assembling your own Swiss mechanical watch and taking it home with you at the end of the day. swissinfo.ch tried out the popular new concept run by Jura start-up Initium.
Tags: Business,Featured,newsletter