Sales: Retail Trade: Total Retail Trade: Value for Denmark
Monthly, Not Seasonally Adjusted
DNKSLRTTO02IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.31
Year-over-Year Change
6.87%
Date Range
1/1/1960 - 11/1/2023
Summary
The Monthly, Not Seasonally Adjusted trend measures retail sales in Denmark, providing insight into consumer spending and economic activity. This metric is closely watched by economists and policymakers to gauge the 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
This series tracks the total value of retail sales in Denmark on a monthly basis, without adjustments for seasonal factors. It offers a snapshot of real-time consumer demand and is a leading indicator of broader economic conditions.
Methodology
The data is collected through surveys of retail establishments across Denmark.
Historical Context
Retail sales figures are used by the Danish central bank and government to inform monetary and fiscal policies.
Key Facts
- Denmark is one of the world's most developed retail markets.
- Retail sales account for over 30% of Denmark's GDP.
- Consumer spending is a major driver of the Danish economy.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total value of retail sales in Denmark on a monthly basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: Retail sales data provides valuable insights into consumer demand and broader economic conditions in Denmark.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments across 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 policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a relatively short delay, providing timely insights into the Danish economy.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (DNKSLRTTO02IXOBM), retrieved from FRED.