Norway’s retail sales decreased unexpectedly in September, figures from Statistics Norway showed Wednesday.
Retail sales volume, excluding motor vehicles dropped a seasonally adjusted 0.8 percent month-over-month in September, defying economists’ expectations for a 0.3 percent increase. In August, sales had fallen 0.4 percent.
On an annual basis, retail sales volume fell a working-day-adjusted 0.3 percent in September, reversing a 0.9 percent gain in the prior month.
In the three months ended September, total retail sales volume grew 0.9 percent compared with the corresponding period last year.
The material has been provided by InstaForex Company – www.instaforex.com