Retail sales in Denmark dropped by 0.1 percent year-on-year in November of 2019, following a 1.2 percent gain in the previous month. It was the first month of decline since June, due to a drop in sales of clothing and footwear (-4.4 percent vs 1.2 percent in October) and “other consumer goods” (-0.3 percent vs 1.9 percent). Meanwhile, food sales advanced faster (1.0 percent vs 0.4 percent). On a monthly basis, retail sales rose 0.3 percent in December, compared to a revised 0.2 percent drop in October. Retail Sales YoY in Denmark averaged 1.10 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. source: Statistics Denmark
Retail Sales YoY in Denmark is expected to be 1.30 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 0.70 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.