Swiss Retail Sales Fell in November

Real turnover in the retail sector adjusted for sales days and holidays fell by 2.1% in November 2015 compared with November 2014 (in nominal terms -3.9%). Real, seasonally adjusted turnover in the retail sector fell by 0.8% in November 2015 compared with October 2015 (in nominal terms -0.9%). This is shown by provisional results from 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% compared with November 2014 (in nominal terms -2.9%). Retail sales of food, drinks and tobacco registered a decline in real turnover of 0.4% (in nominal terms -1.0%). The non-food sector registered negative growth of 1.9% (in nominal terms -4.3%).

Month-on-month change (excluding fuel)
Excluding fuel, the retail sector showed a seasonally adjusted decline in real turnover of 0.7% (in nominal terms -0.9%) compared with October 2015. Retail sales of food, drinks and tobacco registered an increase of 0.1% (in nominal terms 0.0%). The non-food sector showed negative growth of 1.3% (in nominal terms -1.2%).

via BFS

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza