Denmark Retail Sales Decline In August

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Thursday, the Statistics Denmark announced that the retail sales dropped 1.2% month-on-month in August, in contrast to the 0.7% increase in the previous month, revised from 1% growth reported initially. Economists were looking for an increase of 0.1%.

In August, retail sales for food and groceries increased to 1.2% from 1.1% fall in July, while sales for clothing,etc fell 2.6%. Other consumer goods sales slipped 3.2%.

On an annual basis, retail sales decreased 46% in August, compared to the 6.6% fall a year ago.

Thursday, the Statistics Denmark announced that the retail sales dropped 1.2% month-on-month in August, in contrast to the 0.7% increase in the previous month, revised from 1% growth reported initially. Economists were looking for an increase of 0.1%. (Market News Provided by RTTNews)