Sales: Retail Trade: Car Registration: Passenger Cars for Denmark
Number, Monthly level, Monthly, Seasonally Adjusted
DNKSLRTCR03MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,265.00
Year-over-Year Change
32.82%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic indicator measures the monthly level of retail sales in Denmark, seasonally adjusted. It provides insights into consumer spending and overall economic activity.
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 Number of Retail Sales in Denmark, Monthly Level, Seasonally Adjusted metric tracks the monthly volume of retail trade transactions in the Danish economy. It is a key barometer of consumer demand and a leading indicator of broader economic trends.
Methodology
The data is collected through surveys of retail establishments and calculated by Statistics Denmark.
Historical Context
Retail sales figures are closely monitored by policymakers and analysts to assess the health of the Danish consumer market and guide economic decision-making.
Key Facts
- Denmark is one of the world's most prosperous consumer economies.
- Retail sales account for over a third of Denmark's total GDP.
- This metric is released monthly by Statistics Denmark.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the monthly volume of retail trade transactions in Denmark, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data is a crucial gauge of consumer demand and overall economic health, informing policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by Danish policymakers to assess the state of the consumer market and guide economic decision-making.
Q: Are there update delays or limitations?
A: This metric is released monthly by Statistics Denmark with a short delay, providing timely insights into the Danish retail sector.
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Citation
U.S. Federal Reserve, Number, Monthly level, Monthly, Seasonally Adjusted (DNKSLRTCR03MLSAM), retrieved from FRED.