Retail Sales Above Expectations But Prices Decline - SCB, HUI
Swedish retail sales for February increased 6.9% YoY, faster than the consensus forecast 5.2% (Bloomberg). Retail prices on mostly food fell 0.7% during the month, and on mostly durables they fell 3.6%. According to the Swedish Research Institute of Trade, HUI, whome publishes the figure together with Statistics Sweden, SCB, the fall in prices was due to "Many reasons", among them a "relatively strong Krona, technical development and a trend towards inexpensiveness (billighetstrend)".
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