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01.07.2019 14:44

Swiss retail sales fell sharply in May

According to the report from Federal Statistical Office (FSO), real turnover in the retail sector also adjusted for sales days and holidays fell by 1.7% in May 2019 compared with the previous year. Real growth takes inflation into consideration. Economists had expected a 0.4% decrease. Compared with the previous month, real, seasonally adjusted retail trade turnover registered a decline of 1.3%.

Turnover in the retail sector fell by 1.6% in nominal terms in May 2019 compared with the previous year. Seasonally adjusted, nominal turnover fell by 1.5% compared with the previous month. 

Adjusted for sales days and holidays, the retail sector excluding service stations showed a 1.7% decrease in nominal turnover in May 2019 compared with May 2018 (in real terms -1.9%).

Excluding service stations, the retail sector showed a seasonally adjusted decline in nominal turnover of 1.5% compared with the previous month (in real terms -1.4%).


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