Retail sales in Denmark increased 3.2 percent year-on-year in April 2019, following an upwardly revised 1.0 percent gain in the previous month. It was the strongest gain in retail trade since November 2019. Sales of food products rebounded sharply (6.2 percent vs -2.8 percent in March) while those of other consumer goods increased further (2.0 percent vs 4.3 percent in March). Meantime, sales of clothing and footwear declined (-5.1 percent vs 4.1 percent). On a monthly basis, retail sales went down 0.3 percent in April, after an upwardly revised 0.9 percent rise in March. Retail Sales YoY in Denmark averaged 1.12 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 2.10 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 1.10 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.