Sweden Retail Sales Rise 0.4%

(RTTNews) - Sweden's retail sales increased for the second straight month in August, though at a slower pace, figures from Statistics Sweden showed on Monday.

Retail sales rose seasonally and working-day adjusted 0.4 percent year-on-year in August, following a 0.8 percent rebound in July.

Sales of consumables, excluding sales at the state-owned chain of liquor stores, grew 0.3 percent annually in August, and those of durables also grew the same 0.3 percent.

On a yearly basis, retail sales recovered 0.5 percent in August after falling 0.4 percent in the prior month.