Norway's retail sales decreased for the first time in five months in February, preliminary data from Statistics Norway showed on Friday.
The volume of retail dropped a seasonally adjusted 0.1 percent month-on-month in February, reversing a 1.1 percent increase in the previous month.
Retail sales of information and communication technology equipment contracted sharply by 13.0 percent compared to last month, and those of other household equipment slid by 2.8 percent.
On the other hand, sales of food and beverages showed a flat change, and sales of other goods rose by 1.0 percent.
On a yearly basis, retail sales growth eased to 2.2 percent in February from 2.8 percent in the previous month.
For comments and feedback contact: editorial@rttnews.com
Business News
March 28, 2025 11:47 ET Revised growth data for the U.S. economy was the highlight of the week that also had some key reports from other major economies. The fourth quarter growth figures underwent revision in the latest report. Elsewhere, a survey revealed the U.S. consumers’ view on the economy. In mainland Europe, a survey in Germany revealed the business leaders’ assessment of the current situation and their hopes for the future. In other news, inflation data from the U.K. and Australia were in focus.