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Retail sales volume was down 0.1% in October compared with the corresponding month of last year. The development is surprisingly low, according to economist Nordea Torbjörn Isaksson.
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Grocery retailing declined 1.0% and retail sales rose 0.4%, according to Statistics Sweden (SCB).
Torbjörn Isaksson writes in a comment that the sales trend is fragile and that the underlying trend is weak, which means that he sees a connection with the weak evolution of the Swedish housing market.
Between September and October, the volume of retail sales, fixed-price sales, declined by 1.1%, according to Statistics Sweden. According to a Reuters survey, analysts had an increase of 0.2%.
Measured in current prices, retail sales rose 2.9% in October compared to the corresponding month of 2017.S
Sales volume data are corrected for calendar effects and seasonal variations.
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