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Sales of Swiss retailers in January 2024 increased by a nominal 0.6 percent compared to the previous year, according to provisional results published by the Federal Statistical Office (BFS) on Friday. Development is adjusted for sales and holiday effects.
In real terms, that is, when factors such as inflation are taken into account, sales increased by 0.3 percent on an annual basis.
If you exclude sales development at gas stations, sales increased by 0.8 percent in nominal terms (+0.4 percent in real terms). According to BFS, the retail trade of food, beverages and tobacco products recorded a 0.3 percent increase in nominal sales (-1.7% in real), while the non-food sector recorded a nominal sales increase of 1.3 percent (+1.9% in real). %).
Compared to the previous December, retail sales in this country increased by 0.8 percent in nominal and seasonally adjusted data. In real terms, there was an increase of 0.7 percent compared to the previous month. Retail trade, excluding gas stations, recorded a 0.8 percent (+0.7% real) increase in nominal, seasonally adjusted sales from December.
In the monthly comparison, retail sales of food, beverages and tobacco products increased by 1.9 percent (actual +1.5%). The non-food sector recorded a nominal increase of 0.6 percent (actual +0.6%).
Retail sales statistics from the Federal Statistical Office are based on a random sample of approximately 3,000 companies. This is a monthly survey in which small companies are asked about their monthly sales figures on a quarterly basis. (SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
