Denmark’s Retail Sales Plunge as Rain Blamed for Spending Slump

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Denmark’s retail sales showed a significant drop in July, with analysts citing the worst rainfall on record as the culprit.

Sales fell a seasonally-adjusted 4.4% from the month before, the biggest decline since the spring of 2021, when Covid-19 lockdowns affected spending patterns, Statistics Denmark said on Monday. Denmark had more than twice as much rain as normal in July, breaking a 92-year record for that month, according to the Danish Meteorological Institute.

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