Second-Hand Market Sees Over 40 Percent Drop in February

The market for second-hand goods fell by over 40 percent in February, compared to the same month last year.

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Second-Hand Market Sees Over 40 Percent Drop in February
Photo: Joel Sund/TT

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This marks a dramatic turnaround from the strong growth in January, writes Svensk Handel in a press release.

Clothing sales held up best – with a 15 percent decrease compared to last year, while book and magazine sales as well as clothing and home furnishings noted larger declines.

Online sales, where most second-hand items are usually sold, decreased by approximately 4 billion kronor (38 percent) during the month.

"Our assessment is that households' difficult economic situation and bleak outlook on the future affect consumption willingness, which also impacts second-hand sales," says Maria Mikkonen, chief economist at Svensk Handel, in the press release.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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