HALISTER1: Sweden Retail Sales Disappoints; Falling Trend Remains: Swedbank

Sweden Retail Sales Disappoints; Falling Trend Remains: Swedbank

(Bloomberg) -- August retail sales y/y came in stronger than July but still missed expectations, and the downward trend for retail sales is expected to continue, Swedbank economist Cathrine Danin writes in research note.
  • Weakening trend in retail sales seen over the summer
  • Swedish labor market to remain strong though disposable income will grow at a slower pace due to tax increases
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Cathrine Danin (Swedbank AB)

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