NEWS

Norwegian retail sales rose more than expected in May, jumping the most in six months, led by hardware stores and petrol stations, in another sign that consumers show resilience to rising costs.

Seasonally adjusted retail sales, excluding motor vehicles, rose 1.2% from April, compared with a median forecast of 0.2% gain in a Bloomberg survey of analysts. The statistics office in Oslo also revised the April decline of 1.2% to a dip of 0.1%, it said on Wednesday.

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