Sweden Retail Sales Grow at Fastest Pace in More Than Year
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Swedish retail sales grew at the fastest pace in more than a year in May as confidence among consumers in the export-dependent Nordic economy remained buoyant amid the European debt crisis.
Sales growth accelerated to an annual 4.6 percent last month after rising 0.5 percent in April, Stockholm-based Statistics Sweden said today. The median estimate in a survey of nine economists by Bloomberg was for a 3.8 percent increase. Monthly retail sales rose 0.4 percent in May.