Sales: Retail Trade: Total Retail Trade: Value for Denmark
SLRTTO02DKQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.78
Year-over-Year Change
8.31%
Date Range
1/1/1960 - 7/1/2023
Summary
The 'Sales: Retail Trade: Total Retail Trade: Value for Denmark' indicator measures the total value of retail sales in Denmark. It provides important 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
This indicator tracks the total value of retail trade in Denmark, encompassing all retail sales regardless of product type or store format. It serves as a key barometer of domestic demand and consumer confidence within the Danish economy.
Methodology
The data is collected through surveys of retail businesses and compiled by national statistical agencies.
Historical Context
Policymakers and analysts closely monitor retail trade data to assess the health of the consumer sector and make informed economic decisions.
Key Facts
- Retail trade accounts for over 30% of Denmark's GDP.
- Denmark's retail sector employs more than 300,000 people.
- Online sales make up around 15% of total retail trade in Denmark.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of retail sales in Denmark, including all types of retail trade and store formats.
Q: Why is this trend relevant for users or analysts?
A: Retail trade data is a key indicator of domestic consumer demand and economic activity, making it important for policymakers and analysts assessing the health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by national statistical agencies in Denmark.
Q: How is this trend used in economic policy?
A: Retail trade data is closely monitored by policymakers and economists to gauge consumer confidence and make informed decisions about fiscal and monetary policy.
Q: Are there update delays or limitations?
A: There can be a 1-2 month delay in the release of retail trade data, and the indicator may not capture all informal or unregistered economic activity.
Related Trends
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Denmark
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Monetary Aggregates and Their Components: Broad Money and Components: M3 for Denmark
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Infra-Annual Labor Statistics: Labor Force Total: From 15 to 74 Years for Denmark
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Denmark
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Real Residential Property Prices for Denmark
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Value for Denmark (SLRTTO02DKQ661S), retrieved from FRED.