Monday, the Statistics Norway announced that the retail sales volume excluding motor vehicles dropped a seasonally adjusted 0.3% month-on-month in February, reversing a 0.6% rise in the previous month.

Meanwhile, retail sales volume excluding motor vehicles and petrol dipped 0.6%, in contrast to a 1.1% increase in January.

On an annual basis, retail sales volume decreased an unadjusted 6% in February compared to a 0.7% rise in January, while retail sales volume excluding motor vehicles and petrol dropped 5.8% compared to a 1.6% increase.

During the January to February period, retail sales volume decreased an unadjusted 2.6% compared to the previous month. At the same time, retail sales volume excluding motor vehicles and petrol declined 2%.

In February, retail sales value excluding motor vehicles dropped 3.7% over a year ago versus a 2.2% increase in January.

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