The Swedish retail sales rose by 3.9 percent year on year in February in fixed calendar-adjusted prices, according to data from Statistics Sweden and HUI Research.
According SIX News analyst survey was expected a rise of 4.1 percent. The range of expectations ranged between +3.8 and +4.5 percent with a median of 4.1 percent.
The monthly rate was -0.2 percent retail. Analysts had expected +0.5 percent (range +0.1 to +1.0 per cent).
Last month rate of increase in the revised +4.7 percent in annual terms (preliminary +4.0 percent ).
Grocery sales increased by 1.2 per cent in fixed calendar-adjusted prices, while retail sales for durables increased by 6.0 percent.
Grocery sales increased by 6.4 percent in annualized terms in current prices in February while durable goods increased by 10.8 percent.
in terms of current prices, sales for retailers by 8.7 per cent between February 2016 and the corresponding month last year.
“the sharp increase in sales February due to half (4 percentage points) of an extra selling day in the leap day, but even adjusted for this continues retailers to show good growth, “commented HUI Research.
” retail year 2016 in February month outcomes to a good start. It is true that the initial months interpreted cautiously, January and February this year in terms of turnover least important months, but the outcome suggests that last year’s shopping desires may last a while longer, “continues HUI Research.
the rate of increase in durable goods has long been negative and that was the case even during the month of February. The trend, however, suggest that prices of durable goods is on the rise, largely because of the weakening of the krona and the factors that higher import prices, rents and wages, which merchants must ultimately compensate for, writes the HUI.
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