Sweden’s retail sales increased 4.3 percent year-on-year in July 2019, following a downwardly revised 3.4 percent rise in the previous month. It was the biggest gain in retail trade since May 2016, as sales went up further for information and communication equipment (21 percent from 16.6 percent in June); other household equipment (12.4 percent from 4.4 percent), namely hardware, plumbing and building materials, paints and glass (13.6 percent from 4.6 percent) and home and office furniture (12.3 percent from 3.1 percent); and other goods (3.5 percent from 1.8 percent), in particular clothing (4.3 percent from 3.7 percent), pharmaceutical and medical goods (1.3 percent from -1.9 percent), cosmetic and toilet articles, medical, cosmetic and toilet articles (5.8 percent from -5.4 percent) and jewellery (7.6 percent from 0.5 percent). On a monthly basis, retail sales advanced 0.4 percent, slowing from an upwardly revised 1.2 percent rise in June. Retail Sales YoY in Sweden averaged 2.82 percent from 1992 until 2019, reaching an all time high of 10.90 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 2.90 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 2.40 in 12 months time. In the long-term, the Sweden Retail Sales YoY is projected to trend around 2.70 percent in 2020, according to our econometric models.