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Financial News: Sweden Retail Sales Rise 0.5%

Sweden Retail Sales Rise 0.5%

05/29/2024 - 08:00:00 (RTTNews)

(RTTNews) - Sweden's retail sales increased for the second straight month in April amid more demand for consumables, figures from Statistics Sweden showed on Wednesday.

Retail sales rose a working-day adjusted 0.5 percent year-on-year in April, though slower than the 1.1 percent recovery in March.

Sales of consumables, excluding sales at the state-owned chain of liquor stores, grew 3.4 percent annually in April, while those of durables decreased 1.9 percent.

On a monthly basis, retail sales moved up 0.3 percent in April after remaining flat in the prior month.

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