Continued increase in retail sales in May
The seasonally-adjusted volume index of retail sales increased by 2.8 percent from April to May 2020. This follows an increase of 4.8 percent from March to April.
New figures from the retail trade index show a solid growth in the seasonal adjusted volume for May. This follows a particularly strong April month. The strong growth in retail trade suggest that Norwegians in the last couple of months have changed their consumption pattern in the direction of spending less on services, and more on certain retail goods. These changes in the shopping pattern of the Norwegian people have had a strong effect on the seasonally adjusted figures.
Due to the treatment of March and following months as extreme values, the trend for the recent months is not representable for the actual development in retail sales. The trend for the most recent months has therefore been excluded from the figure. For more information on this, see the information box at the bottom of the article.
Figure 1. Retail sales volume index, seasonally adjusted and trend. 2015=100
Strong month for clothing stores and sports equipment
Many of the various retail sectors experienced growth in May, and some particularly stood out. The largest contribution to the growth in the overall retail index was clothing stores, followed by stores selling sporting equipment and boats. Other sectors that experienced growth were furniture shops, stores selling optical articles and gas stations.
On the other hand, there was a decline in sales volume for grocery shops and e-commerce.
Seasonally-adjusted figures show that retail sales volume increased by 4.6 percent in March to May 2020, compared to December 2019 to February 2020.