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Financial News: Denmark Retail Sales Fall 1.0%

Denmark Retail Sales Fall 1.0%

01/26/2024 - 05:00:00 (RTTNews)

(RTTNews) - Danish retail sales decreased for the first time in five months in December, preliminary figures from Statistics Denmark showed on Friday.

Retail sales dropped 1.0 percent month-on-month in December, reversing a 0.8 percent gain in November.

Sales of food and other groceries declined 1.2 monthly in December, followed by 0.9 percent lower demand for both clothing and other consumables.

On a yearly basis, retail sales increased at a slower rate of 4.5 percent in December, after a 6.1 percent growth in the previous month.

During the year 2023, overall retail sales volume dropped 0.9 percent compared to 2022.

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