Increase in retail sales
The seasonally-adjusted volume index of retail sales increased by 5.7 percent from May to June 2020. This follows an increase of 2.8 percent from April to May.
New figures from the retail trade index show a solid growth in the seasonal adjusted volume for June. 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 grocery stores and clothing stores
Most of the various retail sectors experienced growth in the seasonally adjusted volume index in June. The largest contribution to the overall growth came from grocery stores and clothing stores. Grocery stores continued the positive development they have had throughout the coronavirus pandemic and are now selling at record levels. Clothing stores also had a significant contribution to the overall growth. Clothing stores were hit hard by the introduction of measures to combat the coronavirus and experienced a sharp decline in sales in the start of the pandemic. June, however, looks to have been a good month for clothing stores as the seasonally adjusted volume index is higher for this month than it was before the pandemic. Gas stations and shoe stores also contributed to the overall growth.