Friday, the Statistics Sweden said in a report said that the retail trade turnover declined 1.3% annually in February, reversing a 1.6% growth in January. Economists expected retail sales to be flat.

Month-on-month, retail sales fell a seasonally adjusted 0.6% in February, in contrast to a 1.9% rise in the previous month. Economists expected a decline of 0.3%.

During the December to February period, retail sales were flat, following a 0.7% drop in the September to November period.

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