Norway Retail Sales Rise Less Than Expected
Norway's retail sales increased at a slower-than-expected pace in February, preliminary data from Statistics Norway showed on Wednesday.
The volume of retail sales rose a seasonally adjusted 0.1 percent month-on-month in February, following a flat change in the previous month. Economists had expected a 0.2 percent gain for the month.
Retail sales in non-specialised stores rose 0.7 percent, and sales of other goods grew by 1.4 percent.
On the other hand, sales of cultural and recreational goods showed a decline of 3.5 percent, and those for food and beverages slid by 0.7 percent.
On a yearly basis, retail sales declined at a slower pace of 0.3 percent in February, following a 1.1 percent fall a month ago.
Separate official data showed that household consumption of goods rebounded 0.9 percent monthly in February versus a 1.8 percent decline in January.
Economic News
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.