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Overall, sales rose 1.1 percent in nominal terms in March, as the Federal Statistical Office (BFS) announced on Friday, based on provisional results. However, without price increases, real sales would have fallen by 1.7 percent.
Nominal sales of food, beverages and tobacco rose 2.1 percent, but consumers bought significantly less (actual -3.2 percent). Sales of electronic devices such as cell phones or TVs increased by more than 7 percent, but there were price drops here as significantly more devices were sold (actually 11.5 percent).
The biggest impact of the price cuts has been on fuels, which have skyrocketed from time to time due to the Ukraine war: Sales have dropped almost 11 percent here, with just under 4 percent less gasoline, diesel or heating oil sold. This was the first nominal decline in fuel sales in two years.
Excluding fuel, nominal retail sales rose 2.2 percent in March.
Excluding sales and public holiday effects, retail trade excluding fuel stations, which was affected by the fluctuation in fuel prices, recorded a 1.6 percent increase in nominal sales compared to the previous year in March. It was minus 1.3 percent in real terms. Real sales in the non-food sector increased by 0.3 percent.
(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.
