June Retail Sales Show Rise in Sweden
There was a better-than-expected 3.3% growth year-on-year in June, indicating that the economy may have slowed slightly less than forecast in the second quarter.
Sales were up 1.8% when compared to
May. In May, retail sales rose an upwardly revised 1.0%
month-on-month, and were up 1.3% year-on-year. The Swedish Retail
Institute said lower consumer confidence had affected electronics and
furniture retailers, as well as clothing and shoe sales. It added,
"Rising food prices reduce purchase power which causes a slower
sales growth for capital goods. The development is however still
positive".
Related news
Related news
Retail traffic and residential consumption may slowly recover
The development of retail sales and the recovery of household…
Read more >We are over 2 million returned bottles, but there are still problems
Since the beginning of the year, metal, plastic and glass…
Read more >In Austria, inflation slowed down in June
In accordance with the preliminary estimate, the annual growth of…
Read more >