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Sweden Retail Sales Fall In December

Swedish retail sales decreased modestly in December, after rising in the previous month,survey data from Statistics Sweden showed on Friday.

Retail sales fell by a working day adjusted 1.1 percent year-on-year, reversing a 1.4 percent gain in November. Meanwhile, economists had forecast a 1.2 percent sales growth for December.

Sales of consumables excluding sales from the state-owned liquor stores, rose 1.1 percent, while sales of durables fell 2.7 percent.

Compared to the previous month, retail sales dropped a seasonally adjusted 1.4 percent in December slower than 0.8 percent rise in November. Economists had expected a 0.1 percent gain.

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