Retail sales in Denmark rose by 2 percent year-on-year in August of 2020, following an upwardly revised 7.3 percent gain in the previous month. It was the fourth straight month yearly increase in retail trade but the smallest rise in the current sequence, amid the coronavirus pandemic. On a monthly basis, retail sales fell 1.2 percent, after a 1 percent drop in July.
Retail Sales YoY in Denmark averaged 1.14 percent from 1996 until 2020, reaching an all time high of 15.10 percent in April of 2000 and a record low of -10.20 percent in February of 2009. This page provides the latest reported value for - Denmark Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Denmark Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistics Denmark
Retail Sales YoY in Denmark is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Denmark to stand at 1.50 in 12 months time. In the long-term, the Denmark Retail Sales YoY is projected to trend around 2.80 percent in 2021 and 1.10 percent in 2022, according to our econometric models.