Retail sales in Denmark dropped 7 percent year-on-year in May 2022, reversing sharply from a 1.2 percent gain in the previous month, due to a decline in sales of food and other groceries (-5.9% vs 3.1%), amid faster fall in sales of other consumables (-9.3% vs -4.4%). In addition, sales of clothing grew much softer (0.9% vs 28.1%). On a monthly basis, retail sales went down by 1.1 percent, after a downwardly revised 1.1 percent gain in April. source: Statistics Denmark
Retail Sales YoY in Denmark averaged 1.29 percent from 1996 until 2022, reaching an all time high of 23.50 percent in March of 2021 and a record low of -10.60 percent in March of 2022. 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 July of 2022.
Retail Sales YoY in Denmark is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Denmark Retail Sales YoY is projected to trend around 2.80 percent in 2023 and 1.10 percent in 2024, according to our econometric models.