MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

Retail Sales Grow Slightly In June, Consistent With Surveys

Collective Wages Continue To Tick Higher

Q1 Sectoral Accounts Suggest Solid Real Income Gains

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Monthly Retail Sales Volatility Obscures Still-Positive 3m/3m Trend

NORWAY
DataHomepagemarkets-real-timeData BulletBullet

Norwegian retail sales excluding motor vehicles fell 5.1% M/M SA in June, but this followed an upwardly revised 4.7% growth in May. On a less volatile 3m/3m SA basis, sales rose 1.0% in June (vs 1.6% prior).

  • The index excluding motor vehicles and fuel saw a similar development, falling sharply M/M but growing 1.5% 3m/3m (vs 2.3% prior).
  • Sales of food and beverages rose 3.3% 3m/3m, while IT equipment sales were 4.2%. This was offset a little by a 1.9% fall in sales of cultural/recreational goods.
  • The index of household goods consumption, which feeds directly into the GDP calculation, rose 1.6% M/M and 2.9% 3m/3m. This suggests a rebound in overall goods consumption in Q2 from the weak -2.2% Q/Q reading in Q1.

133 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Norwegian retail sales excluding motor vehicles fell 5.1% M/M SA in June, but this followed an upwardly revised 4.7% growth in May. On a less volatile 3m/3m SA basis, sales rose 1.0% in June (vs 1.6% prior).

  • The index excluding motor vehicles and fuel saw a similar development, falling sharply M/M but growing 1.5% 3m/3m (vs 2.3% prior).
  • Sales of food and beverages rose 3.3% 3m/3m, while IT equipment sales were 4.2%. This was offset a little by a 1.9% fall in sales of cultural/recreational goods.
  • The index of household goods consumption, which feeds directly into the GDP calculation, rose 1.6% M/M and 2.9% 3m/3m. This suggests a rebound in overall goods consumption in Q2 from the weak -2.2% Q/Q reading in Q1.