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Norway Retail Sales Fall For Second Month

Norway's retail sales declined for the second straight month in January, figures from Statistics Norway showed on Monday.

Retail sales declined 0.1 percent month-on-month in January, after a 5.7 percent decrease in December.

Sales of other goods declined 9.1 percent monthly in January. Sales of food, beverages and automotive fuels fell by 5.3 percent and 1.9 percent, respectively.

Excluding motor vehicles and gas stations, retail sales rose 0.1 percent monthly in January, after a 5.7 percent decrease in the preceding month.

On a year-on-year basis, retail sales increased 8.2 percent in January, following a 8.0 percent rise in the prior month.

Separate data from the statistical office showed that the household consumption declined a seasonally adjusted 1.3 percent month-on-month in January, following a 1.6 percent fall in December.

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