Swiss retail sales fell sharply

Real turnover in the Swiss retail sector adjusted for sales days and holidays fell by 2.1 percent in November 2015 compared with November 2014 (in nominal terms -3.9percent). Real, seasonally adjusted turnover in the retail sector fell by 0.8percent in November 2015 compared with October 2015 (in nominal terms -0.9percent) – according to the provisional results of the Federal Statistical Office (FSO).

In November 2015, the retail sector, excluding fuel, adjusted for sales days and holidays showed a decline in real turnover of 1.2 percent compared with November 2014 (in nominal terms -2.9 percent). Retail sales of food, drinks and tobacco registered a decline in real turnover of 0.4% (in nominal terms -1.0 percent). The non-food sector registered negative growth of 1.9% (in nominal terms -4.3 percent). (MTI)