Retail trade recovers in October
The recovery in the Swiss retail sector resumed in October following a dip in September. Sales rose compared to both the previous year and the previous month. Consumers were particularly eager to buy food again, while sales in the non-food sector were slow to pick up.

Adjusted for calendar effects, retail sales rose by 2.6% year-on-year in October, according to provisional figures released by the Federal Statistical Office (FSO) on Monday. Compared to the previous month, sales grew by 3.3% in nominal terms. The price-adjusted real figures were similarly positive.
Following the lockdown and the politically imposed business closures in spring, the retail trade recovered significantly from May onwards, but then came to a standstill in September. The main reason for this was the slump at petrol stations. Although this continued - sales fell by a further 4.4% compared to the previous month - it was more than offset by the strong growth in food retailing. This grew by 5.6% compared to September.
Online trade continues to grow
The non-food sector also rose by 1.8%, albeit at a much slower pace. There was a big increase in the volatile trade in information and communication technology equipment (+7.9%). In addition, retail trade at stalls and markets, including mail order and online trade, increased significantly by 4.8%. Retail sales of publishing products, sports equipment and toys rose by 2.3%, while other household appliances, textiles, DIY and furnishings increased by 0.5%.
Compared to the previous year, publishing products, sports equipment and toys (-3.8%) are still in the red, as is the retail trade in other goods (-9.5%). In contrast, online retail (+16.6%) and information and communication technology equipment (+12.7%) as well as other household appliances, textiles, DIY and furnishings (+9.3%) grew strongly. (SDA)




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