Swedish Retail trade expanded in May more that expected

Thursday, 28 June 2012
The Swedish retail trade sales volume increased by 4.6 percent in May compared to the same month last year. This challenges analyst’s expectation of a rise of 4.0 percent, according to various Swedish analysts’ consensuses.

The Swedish statistic office and HUI Research report that retail sale for consumables increased by 2.3 percent while retail sales for durables increased by 6.5 percent. The information is working day adjusted.

The turnover for retail trade measured in current prices increased by 3.3 percent from May 2011 to May 2012. Retail trade for consumables (such as goods sold in department stores and specialised grocery stores) showed an increase of 5.5 percent while durables (such as clothing stores, furniture stores, second-hand goods stores and mail order houses) increased by 1.6 percent.

The retail trade sales volume increased by 0.4 percent from March 2012 to May 2012. During the last three-month period (March to May), the sales volume increased by 0.9 percent compared to the previous three-month period (December to February). Both of these figures are working day adjusted and seasonally adjusted.
In a comment, Hui research said that “although the growth rate is higher than expected, it is clear that we are in a recession. The retail sales of consumables are doing better than the retail sales of durables and the growth of the capital-intensive industries are even worse. In May, both furniture and electronics showed negative growth rates.”
By Scancomark.se Team. News Source / Statistic Sweden

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