Retail sales in Norway returned to growth in May after falling in the previous month, and the rate of growth exceeded economists' forecast, data released by Statistics Norway showed Friday.
Retail sales volume, excluding sales of motor vehicles, increased a seasonally adjusted 1.7 percent month-on-month in May, reversing the previous month's moderate decrease. Economists were looking for a 0.5 percent rise.
Sales at petrol stations and shops selling groceries, clothing and footwear contribute especially to the sequential increase in trading volume, the agency said.
Sales, excluding motor vehicles and sales on petrol station, were up by a seasonally adjusted 1.6 percent in May compared to April.
Year-on-year, retail sales increased 4.1 percent, while economists were looking for a 3.6 percent gain. In the January-May period, sales advanced 4.4 percent from the corresponding period a year earlier, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.