Sweden Retail Sales Rise 0.9%

(RTTNews) - Sweden's retail sales expanded for the third straight month in August, figures from Statistics Sweden showed on Tuesday.

Retail sales rose a seasonally and working-day adjusted 0.9 percent month-on-month in August, following a 0.4 percent increase in July.

Sales of durables grew 1.9 percent over the month, while those of consumables, excluding sales at the state-owned chain of liquor stores, remained unchanged.

On a yearly basis, retail sales growth accelerated to a 4-month high of 4.4 percent in August from 2.8 percent in July, mainly driven by 7.9 percent more sales in durables.