Sweden's retail trade growth accelerated to 3.9 percent year-on-year in April 2019 from 1.9 percent in the previous month, boosted by sales of information and communication equipment (18.7 percent vs 8.4 percent); other household equipment (7.1 percent vs 7 percent); and trade at stalls and market stands; other retail sale not in stores, stalls or markets (25.9 percent vs 4.9 percent). By contrast, sales of cultural and recreation goods dropped 3.9 percent, compared to a 2.8 percent decline in March. On a monthly basis, retail trade surged 1.9 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 2.30 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 2.20 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.