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Sweden Retail Sales Growth Slows In June

Sweden's retail sales grew at a softer pace in June, figures from Statistics Sweden showed on Wednesday.

Retail sales rose 8.5 percent year-on-year in June, after a 10.7 percent increase in May.

Retail sales in durables gained 11.2 percent in June and those of consumables, excluding sales at the state-owned chain of liquor stores increased 4.9 percent.

On a monthly basis, retail sales fell a seasonally adjusted 0.3 percent in June.

In the second quarter, retail sales rose a working-day adjusted 2.8 percent sequentially.

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