Denmark retail sales fell 0.2 percent in January from the preceding month, its statistics department revealed. The drop came following a record high November.
Among the product category, clothing, etc. fell 2.9 percent in January from December. Similarly, food and other groceries fell 0.5 percent. On the other hand, other consumer goods product group advanced 0.6 percent during the period under review.
The release added, “If retail sales were only corrected for price developments, retail sales in January were 1.6 per cent higher than the same month last year. The sale of clothing, etc. was 3.8 per cent lower. Sales of food and other groceries were 0.9 per cent lower than in the same month of the previous year, while sales of other consumer goods were 5.2 per cent higher.”
Despite the monthly sales fall, Denmark retail sales for the period November to January recorded 0.6 percent expansion from the previous three-month period of August – October. The level is also higher compared to the previous years.
On a year-on-year basis, retail sales advanced 1.4 percent in January.