Retail sales growth in Scandinavia has been well above EU averages, Norway and Sweden currently experiencing real retail sales growth above 7%, as opposed to the sluggish growth in the EU of below 1%.

Denmark peaked in late 2004, but has not experienced the same slow down in the shopping centre growth as the general retail sales growth.

Looking forward, Sweden, Norway and Denmark are expected to show the highest retail sales growth among Western European markets in the coming 10-year period.