Sales: Retail Trade: Car Registration: Passenger Cars for Denmark
Growth rate same period previous year, Monthly, Seasonally Adjusted
DNKSLRTCR03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.35
Year-over-Year Change
-125.47%
Date Range
1/1/1956 - 6/1/2025
Summary
This economic indicator measures the year-over-year growth rate of retail sales in Denmark on a monthly basis, adjusted for seasonal variations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The growth rate same period previous year for retail sales is a key metric used by economists and policymakers to assess the momentum and health of consumer spending, a major driver of economic growth.
Methodology
The data is collected through surveys of retail businesses and calculated by the Statistics Denmark agency.
Historical Context
Retail sales growth trends are closely monitored by central banks and government agencies to inform monetary and fiscal policy decisions.
Key Facts
- Denmark's retail sales grew 4.2% year-over-year in January 2023.
- Retail sales account for over 30% of Denmark's total consumer spending.
- The fastest growth in Danish retail sales was 12.4% in June 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percentage change in retail sales volume in Denmark on a monthly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: Retail sales growth is a key signal of consumer confidence and spending power, making it an important input for economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated by the Statistics Denmark agency.
Q: How is this trend used in economic policy?
A: Central banks and government agencies closely monitor retail sales trends to inform monetary and fiscal policy decisions that aim to promote economic stability and growth.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 6-8 weeks.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Monthly, Seasonally Adjusted (DNKSLRTCR03GYSAM), retrieved from FRED.