New data Retail Sales MoM (Oct)
11/29/2024
actual 0.4, previous -0.1
The event is the Retail Sales Month-over-Month (MoM) report for October in Sweden (SE), denominated in Swedish Krona (SEK). The actual value reported is an increase of 0.4%. This figure represents the change in the total value of sales at the retail level from the previous month.The impact of this event is considered low, meaning it may have a limited effect on the market. The previous month had a decrease of -0.1%, while the market consensus estimate was a decrease of -0.2%. The actual result of 0.4% beat both the previous value and the market expectation, showing a positive trend in retail sales for the reported month.
Overall, this report indicates a positive growth in retail sales in Sweden for the month of October, which could potentially have implications for the country's economy and consumer spending trends.
This is not investment advice. Remember to verify the information provided here.
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