Retail sales in Denmark increased by 2.5 percent year-on-year in October 2018, accelerating from an upwardly revised 0.8 percent growth in the previous month, due to a rise in sales of other consumer goods (5.9 percent vs 3.4 percent in September) and a rebound in sales of food products (0.8 percent vs -1.3 percent). Meanwhile, sales of clothing and footwear continued to decline (-5.8 percent vs -1.9 percent). On a monthly basis, retail sales went down 0.7 percent in October, compared to a downwardly revised 0.4 percent rise in September. Retail Sales YoY in Denmark averaged 1.11 percent from 1996 until 2018, 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.
Retail Sales YoY in Denmark is expected to be 1.10 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 2.50 in 12 months time. In the long-term, the Denmark Retail Sales YoY is projected to trend around 0.80 percent in 2020, according to our econometric models.