Retail sales in Norway increased at a slower pace than forecast by economists in July, data released by Statistics Norway showed Friday.
Retail sales volume, excluding motor vehicles, increased a seasonally adjusted 0.2 percent month-on-month in July, slower than the 0.4 percent gain economists had forecast.
For most industries, the retail sales volume index recorded increase. Sales in grocery shops on the other hand had a decrease, the agency said.
On an annual basis, unadjusted retail trade advanced 2.6 percent in July. In the three months ended July, the volume index increased by 4.3 percent from last year.
In the January-July period, retail sales increased 4.4 percent from the corresponding period a year earlier, data showed.
by RTT Staff Writer
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