National economy Retail sales increase in July
In July, the Swiss retail trade achieved higher sales than a year ago, after sales had fallen in June. This was mainly due to increased revenue in the food sector.
02.09.2024, 08:49
SDA
In July 2024, the turnover of Swiss retailers increased by 1.5% in nominal terms compared to the previous year, according to provisional results published by the Federal Statistical Office (FSO) on Monday. The trend is adjusted for sales and holiday effects. In real terms - i.e. also taking inflation into account - sales even increased by 2.7% year-on-year after adjusting for calendar effects.
If the sales trend at petrol stations is excluded, sales climbed by 1.6% in nominal terms. Retail sales of food, beverages and tobacco increased in particular, while the non-food sector grew only minimally.
Food sector also up on previous month
Compared to the previous month of June, retail sales also grew, with a nominal increase of 2.0%. Here too, sales of food, beverages and tobacco products were the main drivers.
The Federal Statistical Office's retail sales statistics are based on a random sample of around 3,000 companies. It is a monthly survey, with small businesses being asked about their monthly turnover figures on a quarterly basis.
