FX.co ★ Denmark Retail Sales Recover 2.2%

Preliminary figures released by Statistics Denmark on Tuesday revealed a boost in Danish retail sales for the first time in three months. In February, retail sales saw a 2.2% rise, marking a recovery from the 1.2% decline experienced in January.

In terms of specific sectors, food retail and other groceries experienced a 1.5% growth in February, while sales of other consumer goods saw a 2.5% rise. Additionally, clothing sales surged up to 3.98% higher during the same period.

Year on year comparison for February also indicated accelerated growth in retail sales, with a substantial 6.6% increase compared to the minimal 0.9% growth recorded the previous month.