Retail sales in Denmark increased 0.9 percent year-on-year in August 2019, following an upwardly revised 2.7 percent rise in the previous month. Sales went up softer for other consumer goods (1.0 percent vs 5.5 percent in July), while sales of clothing and footwear dropped (-1.8 percent vs 2.3 percent). Conversely, sales of food rebounded (1.2 percent vs -0.1 percent). On a monthly basis, retail sales rose 0.3 percent in August, after a downwardly revised 0.1 percent fall in July. Retail Sales YoY in Denmark averaged 1.11 percent from 1996 until 2019, 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 1.90 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 0.50 in 12 months time. In the long-term, the Denmark Retail Sales YoY is projected to trend around 1.10 percent in 2020, according to our econometric models.