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FSO Report: Services Turnover Decrease Raises Concerns

Services turnover adjusted for working days fell by 11.0% in February 2024 compared with the same month last year. This decline was due in particular to developments in commodity trading. These are provisional findings from the Federal Statistical Office (FSO).

2024-05-02 08:45:22
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Quelle: Swiss Federal Council

In February 2024, the services turnover adjusted for working days decreased by 11.0% compared to the previous year. The Federal Statistical Office (FSO) has provided these provisional findings. The decline in turnover was influenced by developments in commodity trading. The decrease in turnover was significant. The data suggests a challenging economic environment for the services sector. The impact of the decline in commodity trading on the overall services turnover is notable. The FSO's report indicates a concerning trend in the services industry. The findings point to a potential slowdown in economic activity. The exact reasons for the decline in turnover are still being analyzed. Further data and analysis may be necessary to fully understand the implications of this decrease..

(Quelle:Swiss Federal Council modified with ChatGPT)

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