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Norway Retail Sales Rise In January

Norway's retail sales rose in January, after falling in the previous month, figures from Statistics Norway showed on Wednesday.

The volume index of retail sales excluding sales of motor vehicles rose a seasonally adjusted 1.6 percent in January, when sales declined 1.9 percent.

On a working-day adjusted basis, the volume of retail sales index rose 1.1 percent in January from the same month last year.

The value of retail sales rose 2.2 percent year-on-year on a working-day adjusted basis in January.

During the November to January period, the volume of retail sales remained unchanged from a year ago, while the value grew 2.2 percent.

Separate data from Statistics Norway showed that the household consumption rose 0.3 percent month-on-month in January, reversing a 0.3 percent decline in December.

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