Norway Nov Retail Sales Rise More Than Forecast

Norway’s retail sales increased at a faster-than-expected pace in November, though at a slower pace than in the previous month. Figures from Statistics Norway showed Wednesday.

Retail sales volume, excluding motor vehicles grew a seasonally adjusted 0.6 percent month-on-month in November, exceeding economists’ expectations for a 0.2 percent spike. In October, sales had risen 0.9 percent.

On a yearly basis, retail sales volume expanded a working-day-adjusted 0.9 percent in November.

In the three months ended November, retail sales volume advanced 0.3 percent compared with the corresponding period last year.

The material has been provided by InstaForex Company –