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FX.co ★ Norway Retail Sales Rise In October

Norway Retail Sales Rise In October

Norway's retail sales rose sharply in October, figures from Statistics Norway showed on Friday.

Retail sales rose 1.2 percent month-on-month in October, after a 0.3 percent increase in September. Economists had expected a 0.1 percent rise.

Sales not in stores grew 9.3 percent monthly in October and those of food and beverages gained 4.2 percent. Sales non-specialized stores and other goods rose by 1.9 percent and 0.8 percent, respectively.

Excluding motor vehicles and gas stations, retail sales rose 1.7 percent monthly in October, after a 0.4 percent increase in the preceding month.

On a year-on-year basis, retail sales increased 10.6 percent in October, following a 8.7 percent rise in the prior month.

Separate data from the statistical office showed that the household consumption of goods dropped 1.1 percent monthly in October, after a 3.0 percent rise in September.

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