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Norway Retail Sales Fall In December

Norway's retail sales fell in December after rising in the preceding month, figures from Statistics Norway showed on Thursday.

Retail sales fell 2.0 percent month-on-month in December, after a 1.0 percent rise in November. In October, sales decreased 1.0 percent.

The latest decline was driven by a slump in sales of ICT equipment and other household devices.

Excluding motor vehicles and gas stations, retail sales decreased 2.1 percent monthly in December, after a 1.0 percent increase in the preceding month.

On a year-on-year basis, retail sales fell 0.7 percent in December, reversing a 0.7 percent gain in the prior month. In October, sales decreased 0.3 percent.

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