Sales: Retail Trade: Total Retail Trade: Value for Denmark
Annual, Not Seasonally Adjusted
SLRTTO02DKA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.64
Year-over-Year Change
14.04%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the total retail sales in Denmark on an annual, not seasonally adjusted basis. It is a key indicator of 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 Annual, Not Seasonally Adjusted retail sales trend provides a comprehensive view of Denmark's total retail trade without adjustments for seasonal factors. It is used by economists and policymakers to analyze consumer demand, gauge inflationary pressures, and assess the overall health of the Danish economy.
Methodology
The data is collected through surveys of retail businesses and compiled by Statistics Denmark.
Historical Context
Retail sales figures are closely monitored by the Danish central bank and government to inform monetary and fiscal policy decisions.
Key Facts
- Denmark's annual retail sales reached a record high in 2021.
- Retail trade accounts for over 30% of Denmark's GDP.
- Consumer confidence is a leading indicator for Danish retail sales.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of retail sales in Denmark on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer spending and economic activity, making this trend important for analyzing the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by Statistics Denmark.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by the Danish central bank and government to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually with a relatively short delay, providing timely information on the state of the Danish retail sector.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (SLRTTO02DKA661N), retrieved from FRED.