Retail sales are expected to increase sales – Swedish Dagbladet

According to a forecast from HUI Research presented on Tuesday.

Total retail sales is expected to increase by 4.0 percent in current prices this year and 3.5 per cent next year. In March HUI Research predicted an increase of 3.0 and 3.5 percent.

The retail sector has been a positive surprise in the first four months. Continued momentum in the electronics trade and furniture trade has made durable goods already increased by 5.9 percent. HUI writing because the forecast for this year.

Even grocery stores have accelerated in recent months, mainly because of higher rate of price increase. The rate of increase is expected to be slightly higher than previously estimated in the future and the forecast for grocery written up.

Elin Gabrielsson, a consultant at HUI Research, said at a press conference that the low interest rates, low inflation and high real wage growth continues to provide support for households.

“Households have continued quite good space to consume,” she said.

In the autumn even some revenue enhancement, particularly for low-income groups, as can support consumption and affect savings ratio slightly.

HUI Research has continued assumption that some form of amortization requirements will be introduced in 2016. The direct impact of this on consumption should not be exaggerated, but it can give psychological effects and along with some tax increases and an assumed higher interest rate in 2016 dampen consumption somewhat.

Meanwhile, the HUI Research leaving growth forecast for 2016 unchanged, which takes place from a higher level.

HUI Research looks good speed in electronic trading ahead but with continued price pressure. A hot housing market likely to benefit sectors such as furniture, home furnishings, electronics and building materials.

As for the clothing trade, this gathered momentum and so far this year, the industry has grown by 5.4 percent, and thus outperformed the HUI forecast of 2.5 percent.

The industry is, however, extremely weather dependent and we get bad weather during the rest of the year it can affect adversely. Moreover, it is one of the industries that are among the most competitive.

“Together with an increased foreign consumption through online these risk factors that could lower growth rate going forward even if it is clear that the industry shifted during the past time. HUI tracks because the clothing industry will evolve in line with the development in 2014, ie a growth of about 3 percent, “write HUI Research.