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Swedish Retail trade increased in November higher that expectedWednesday, 28 December 2011
Swedish retail trade sales volume increased by 0.7 percent in November compared to the same month last year.
Retail sales for consumables were unchanged while retail sales for durables increased by 1.3 percent. The information is working day adjusted report statistic Sweden and the Swedish retail institute (HUI)
The turnover for retail trade measured in current prices decreased by 0.2 percent from November of 2010 to November of 2011. Retail trade for consumables (such as goods sold in department stores and specialised grocery stores) showed an increase of 1.2 percent while durables (such as clothing stores, furniture stores, second-hand goods stores and mail order houses) decreased by 1.3 percent.
AdvertisementThe retail trade sales volume increased by 0.8 percent from October to November of 2011. During the last three-month period (September to November), the sales volume decreased by 0.4 percent compared to the previous three-month period (June to August). Both of these figures are working day adjusted and seasonally adjusted.
“The decrease in retail sales in November (current prices) was expected. The signals from trade were bleak after the end of November, and the forecast showed a decline in sales by a few percent. The outcome, -0.2 percent, is probably much better than many thought. Adjusted for price developments and working day differences, the growth in retail trade of November remains slightly positive,” commented the HUI Research and continues that
“In many industries the growth was very weak. Shoes and sports items showed the lowest growth rate, and had completely different conditions this year compared to last year when large parts of Sweden were covered with snow early. Shoes and sport sales increased by 44 and 34 percent in November 2010. This year's growth in November shows -25 percent for shoes and -12 percent for sports items, which is seen as relatively good.”
By Scancomark.se Team. News source: Statistics Sweden
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