Retail sales in Sweden rose 2.1 percent year-on-year in September of 2018, following a downwardly revised 1.9 percent gain in the previous month and well above market expectations of a 0.5 percent increase. It was the biggest rise in retail trade since May, as sales advanced faster for non-specialized stores (1.1 percent compared to 0.5 percent in August); other household equipment (4.2 percent compared to 2.0 percent) and medical, cosmetic and toilet articles (1.8 percent compared to 1.1 percent). Meanwhile, sales via mail order houses or via internet dropped further (-13.3 percent compared to -12.1 percent). On a monthly basis, retail sales went up 0.5 percent, easing from a 0.9 percent gain in the prior month and in line with market consensus. Retail Sales YoY in Sweden averaged 2.84 percent from 1992 until 2018, reaching an all time high of 11 percent in May of 2000 and a record low of -7.70 percent in December of 1992.
Retail Sales YoY in Sweden is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Sweden to stand at 1.62 in 12 months time. In the long-term, the Sweden Retail Sales YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.
Join Trading Economics
Trading Economics provides more than 20 million economic indicators for nearly 200 countries, plus exchange rates, government bond yields, stock indexes, and commodity prices.
Subscription users can use a web interface to export data or get it directly through an Excel add-in.
Clients can also use an API to have direct access to our data, to query our real-time economic calendar and to subscribe to updates from any programming language.