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Financial News: Sweden Retail Sales Growth Slows In November

Sweden Retail Sales Growth Slows In November

01/08/2020 - 07:41:00 (RTTNews)

(RTTNews) - Sweden's retail sales growth slowed in November after rising in the previous month, figures from Statistics Sweden showed on Wednesday.

Retail sales rose a working-day adjusted 1.3 percent year-on-year in November, following a 3.5 percent increase in October. In September, sales was 2.5 percent.

Sales of consumables, excluding those from the state-owned chain of liquor stores, rose by 0.9 percent, while sales of durables increased by 1.5 percent.

On a monthly basis, retail sales declined 0.4 percent in November. Economists had expected sales to rise 0.2 percent.

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