Denmark October Retail Sales Rise On Month

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Retail sales in Denmark increased 1.1% month-on-month in October, rebounding from the 1.4% decrease in the previous month, Statistics Denmark reported on Tuesday. This marks the biggest monthly increase in sales since September 2008.

Sales of food & groceries increased 0.3% on a monthly basis in October, while sales of clothing and other consumer goods were up 1.8% and 1.6%, respectively.

On a yearly basis, retail sales slid 1.7% in October, slower than the 4.6% decline in the preceding month.

Retail sales in Denmark increased 1.1% month-on-month in October, rebounding from the 1.4% decrease in the previous month, Statistics Denmark reported on Tuesday. This marks the biggest monthly increase in sales since September 2008. (Market News Provided by RTTNews)