Norway’s retail sales increased at a faster-than-expected pace in October, after falling in the previous two months, figures from Statistics Norway showed Friday.
Retail sales volume, excluding motor vehicles rose a seasonally adjusted 0.9 percent month-over-month in October, exceeding economists’ expectations for a 0.7 percent gain. In September, sales had fallen 0.8 percent.
On an annual basis, retail sales volume climbed a working-day-adjusted 0.5 percent in October, reversing a 0.3 percent drop in the preceding month.
In the three months ended October, retail sales volume advanced 0.3 percent compared with the corresponding period last year.
The material has been provided by InstaForex Company – www.instaforex.com