Retail sales in Sweden increased 2.7 percent year-on-year in August of 2019, easing from a downwardly revised 3.9 percent rise in the previous month and below market expectations of a 3 percent advance. It was the lowest annual gain in retail trade since February, as slowed for durables (4 percent vs 7.2 percent in July). Meantime, sales of consumables rebounded (0.6 percent vs -0.6 percent). On seasonally adjusted monthly basis, retail trade showed no growth, after a downwardly revised 0.3 percent gain in July and compared with market expectations of 0.2 percent. 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.