Sales: Retail Trade: Total Retail Trade: Value for Denmark
Monthly, Seasonally Adjusted
DNKSLRTTO02IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.21
Year-over-Year Change
6.52%
Date Range
1/1/1960 - 11/1/2023
Summary
This economic trend measures seasonally adjusted monthly retail sales in Denmark. It provides key insights into consumer spending and 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 Monthly, Seasonally Adjusted retail sales index tracks changes in the total value of retail sales in Denmark on a month-over-month basis. It is a widely followed indicator of consumer demand and overall economic health.
Methodology
The data is collected through surveys of Danish retail businesses and adjusted for seasonal variations.
Historical Context
This trend is closely monitored by policymakers, analysts, and investors to gauge the strength of the Danish economy.
Key Facts
- Denmark is the largest economy in Scandinavia.
- Retail sales account for over 30% of Denmark's GDP.
- The trend has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly, seasonally adjusted retail sales in Denmark. It tracks changes in the total value of retail transactions across the country.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer spending and overall economic activity. This trend provides timely insight into the health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Danish retail businesses and adjusted for seasonal variations.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor this trend to gauge the strength of consumer demand and make informed decisions about the Danish economy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical delay of 4-6 weeks.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Denmark
DNKCPGRLH01GYM
Central Bank Assets to GDP for Denmark
DDDI06DKA156NWDB
Pension Fund Assets to GDP for Denmark
DDDI13DKA156NWDB
Consumer Price Index: OECD Groups: Housing: Total for Denmark
DNKCPGRHO01GPQ
Insurance Company Assets to GDP for Denmark
DDDI11DKA156NWDB
Production: Manufacturing: Total Manufacturing for Denmark
DNKPRMNTO01GPSAM
Citation
U.S. Federal Reserve, Monthly, Seasonally Adjusted (DNKSLRTTO02IXOBSAM), retrieved from FRED.