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Surprise Improvement Swedish retail trade in February

Thursday, 29 March 2012
Swedish retail trade sales volume increased by 3.4 percent in February compared to the same month last year official data show.

Blamed on the February leap years day which contributed to extra day of trading, there was observed increase in turnover in February by 3.4 per cent in constant prices. In current prices, the increase was much as 6 percent, the strongest level since at least one year, reports Statistic Sweden

Retail sales for consumables increased by 1.9 percent while retail sales for durables increased by 4.6 percent. The information is working day adjusted.
The retail trade sales volume increased by 1.2 percent from January 2012 to February 2012.

“The strong increase in sales in February is partly due to an additional day, the leap day. Even when adjusted for the extra day the sales increase was strong and the retail year 2012 has now gotten off to a good start. Footwear and sporting goods stood out during February with strong sales growth, 16 and 22 percent, which was mainly stimulated by the winter which finally arrived”, said HUI Research, co author of the data
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