Monday , June 21 2021

Christmas trade boosted despite boom – News

economy Christmas shopping was backed up during the boom for the first time in nearly 30 years, writes Dagens Nyheter.

Sales volumes in Swedish retail trade declined by 1.1% in December last year, compared to December 2017, according to data rectified by the Swedish Statistical Office's calendar.

This is a remarkably weak development in December, says Johan Davidson, chief economist at Svensk Handel to DN.

One explanation is that the "Black Friday" shopping day in November shows strong sums. The data is also preliminary and neither the toy trade nor the goods ordered or purchased abroad are registered. Davidson, according to Davidson, is also a matter for many who choose to spend their money for something other than gadgets:

Apparently households trade goods in Sweden in smaller amounts than you spend, for example, for restaurants, travel and services, he says.

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