Retail sales in Denmark dropped by 0.4 percent year-on-year in December 2018, following a downwardly revised 3.3 percent gain in the previous month. It was the first month of decline since April due to lower sales of food products (-0.5 percent vs 2.3 percent in November) and clothing and footwear (-4.4 percent vs -0.7 percent). At the same time, sales of other consumer goods rose by 0.6 percent, much softer than a 4.9 percent growth a month earlier. On a monthly basis, retail sales fell 0.6 percent in December, compared to a downwardly revised 0.9 percent rise in November. Retail Sales YoY in Denmark averaged 1.12 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 1.50 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 0.90 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.