Sales: Retail Trade: Car Registration: Passenger Cars for Denmark
Growth rate same period previous year, Quarterly, Seasonally Adjusted
DNKSLRTCR03GYSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.57
Year-over-Year Change
-66.76%
Date Range
1/1/1960 - 7/1/2018
Summary
This economic indicator measures the year-over-year growth rate for Denmark's real retail sales, adjusted for seasonal variations. It provides insights into consumer spending patterns and the overall health of the Danish economy.
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, quarterly, seasonally adjusted metric tracks the percent change in Denmark's retail sales volume compared to the same quarter in the prior year. This helps economists and policymakers assess consumer demand, inflationary pressures, and the broader trajectory of the Danish economy.
Methodology
The data is collected through surveys of retail businesses and calculated by Denmark's national statistical agency.
Historical Context
Retail sales figures are closely monitored by central banks and analysts to inform monetary and fiscal policy decisions.
Key Facts
- Denmark's retail sales account for over 30% of its GDP.
- Year-over-year retail sales growth averaged 3.2% from 2010-2019.
- Retail sales are a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year percent change in the volume of retail sales in Denmark, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: Retail sales are a key indicator of consumer demand and overall economic health, making this trend important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and calculated by Denmark's national statistical agency.
Q: How is this trend used in economic policy?
A: Retail sales figures are closely monitored by central banks and fiscal authorities to inform monetary and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately 2 months.
Related Trends
People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Denmark
DDAI07DKA156NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Denmark
DNKCPHP1100GYM
Share Prices: All Shares/Broad: Total for Denmark
SPASTT01DKM657N
Consumer Price Index: OECD Groups: Housing: Total for Denmark
DNKCPGRHO01GPQ
Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Denmark
CRDQDKANABIS
Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Denmark
LFAC25TTDKQ647S
Citation
U.S. Federal Reserve, Growth rate same period previous year, Quarterly, Seasonally Adjusted (DNKSLRTCR03GYSAQ), retrieved from FRED.