Swiss retail trade turnover grew by 0.9 % in March 2023

Neuchâtel, 28.04.2023

Turnover adjusted for sales days and holidays rose in the retail sector by 0.9 % in nominal terms in March 2023 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.2 % compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

Real turnover adjusted for sales days and holidays fell in the retail sector by 1.9% in March 2023 compared with the previous year. Real growth takes inflation into consideration. Compared with the previous month, real, seasonally adjusted retail trade turnover registered a decline of 0.1%.

Retail sector excluding service stations

Adjusted for sales days and holidays, the retail sector excluding service stations showed a 1.6 % increase in nominal turnover in March 2023 compared with March 2022 (in real terms –1.3 %). Retail sales of food, drinks and tobacco registered an increase in nominal turnover of 1.0 % (in real terms –4.2 %), whereas the non-food sector registered a nominal plus of 1.7 % (in real terms +0.3 %).

Excluding service stations, the retail sector showed a seasonally adjusted decline in nominal turnover of 0.2 % compared with the previous month (in real terms –0.1 %). Retail sales of food, drinks and tobacco registered a nominal minus of 0.5 % (in real terms –0.8 %). The non-food sector showed a minus of 0.4 % (in real terms –0.3 %).

 

 

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