Denmark's Clothing Sales In The First 7 Months Of This Year Dropped By 8.6% Compared With The Same Period Last Year.
Although the gross national product of Denmark has grown, retail Sales fell by 1% between June and July this year. Over the past three months, consumers are afraid to avoid shopping because of economic instability.
Denmark's retail sales decreased by 1%, which is quite different from the 0.2% expected by economists. This is Danish retail store, which has been declining for three consecutive months.
In addition to the surprising reduction in Danish buying intention, retail Sales volume also decreased, and retail sales in May and June were further reduced.
The Danish Statistics Bureau said retail sales in May and June have declined, making retail sales in the past three months down by 2.9%. These data are adjusted after seasonal fluctuations and price changes.
Jes Asmussen, an economist at the Swedish commercial bank, said that although retail sales fell sharply, the level of retail sales did not decrease the lowest level since September 2004.
Danish consumers' willingness to buy clothes declined significantly, and clothing sales fell by 1.9% in July.
Compared with the same period last year, clothing sales fell by 8.6% in the first 7 months of 2011. This means today. clothing Sales fell by more than 18% before the financial crisis.
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