Fra Danske Bank:
Adjusting for seasonality and prices, spending excluding energy increased 0.3% in October compared to September, driven primarily by retail consumption. With real spending growth picking up in Q3, real spending excluding energy in October was 4.4% higher than in October 2025. Total spending (including energy) rose 3.9% y/y in real terms, partly held back by lower real spending at gas stations.
Real retail spending rose 0.4% m/m in October, supported by higher spending on groceries, DIY and jewellery, with real grocery spending up 1.2% m/m. In contrast, real spending on clothing, shoes, furniture and digital goods declined, while sporting goods spending was broadly unchanged. Lower spending in electronics and household appliance stores also weighed on growth. This may partly reflect households holding back purchases ahead of Black Friday discounts, an effect the seasonal adjustment may not fully capture. The seasonally adjusted figures may therefore overstate the underlying decline.
Real service spending was mixed in October. Real spending on tourist attractions, travel agencies, restaurants as well as bars and nightclubs increased. Airline spending was broadly unchanged, while hotels, beauty salons and barbers saw slight declines. Real spending on cinemas and theatres also declined, although these categories, like tourist attractions, tend to be volatile.
Hurtige nyheder er stadig i beta-fasen, og fejl kan derfor forekomme.
