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Swedish retail sales mark 8.5 per cent increase

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The Swedish retail sales have gone up by 8.5 per cent in June from a year earlier, says Central Statistical Bureau. The growth is believed to be driven by rising demand for durable goods.

Compared with June 2006, retail sales in the food component, which includes department stores and specialised grocery stores, increased by 3.8 per cent, while durables like clothing, furniture and second-hand goods stores along with mail-order retailers increased by 12 per cent.

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