Norwegian Retail Sales Grows In January

Norway's retail sales grew in January after falling in the previous month, figures from Statistics Norway showed on Thursday.

Retail sales rose 0.5 percent month-on-month in January, after a 2.1 percent fall in December. Economists had expected the sales to rise 1.1 percent. In November, sales increased 1.0 percent.

The latest growth was driven by a rise in sales of ICT equipment and other household devices.

Excluding motor vehicles and gas stations, retail sales increased 0.5 percent monthly in January, after a 2.1 percent fall in the preceding month.

On a year-on-year basis, retail sales declined 1.7 percent in January, following a 0.7 percent fall in the prior month.

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