Norway’s retail sales decreased in May after rebounding in the previous month, preliminary data from Statistics Norway showed on Friday.
The volume of retail dropped a seasonally adjusted 2.1 percent month-on-month in May, reversing a 0.1 percent increase in April.
Sales of cultural and recreational goods declined the most by 6.2 percent, and those of ICT equipment were 5.4 percent lower. There were 3.1 percent fewer sales for automotive fuel, and retail sales of food and beverages dropped 2.2 percent.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
FREE 7-Day Trial – No Payment Required
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.