Analysts at TD Securities are looking for Sweden’s retail sales to come in with another moderate gain in June of 0.3%.
Key Quotes
“We think that the details are likely to be similar to the UK’s retail report last week, with food/drinks sales supported by warm weather, but the warm weather and distraction of the World Cup leading to a fall in footfall for non-food sales.”
“The level of Swedish retail sales hadn’t seen the same huge jump though as UK sales had over the prior two months, so doesn’t need to pull back to the same extent to normalise like we saw in the UK.”
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