Retail sales in Sweden increased 3.8 percent year-on-year in June of 2019, up from a 0.5 percent in the previous month. Sales in consumables rose 1.4 percent in June, rebounding from a 2 percent drop in May, and those of durables climbed 5.8 percent, faster than a 0.9 percent gain. On a monthly basis, retail trade advanced 1 percent, recovering from a 1.9 percent slump in May. Retail Sales YoY in Sweden averaged 2.81 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 1.90 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.