Norway Retail Sales Unexpectedly Rise for First Time Since June
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Norwegian shoppers unexpectedly boosted spending for the first time in four months, adding to data that speak in favor of another interest rate hike next month.
Retail sales increased 0.6% in October from the previous month, driven by stores selling sports equipments and leisure boats, Statistics Norway said in a statement on Monday. Economists surveyed by Bloomberg had expected a decline of 0.2%.