Denmark: Consumer confidence deteriorates in October to over three-year low
October 21, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in October, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from September’s 1.8 points to 1.2 points.
October’s drop reflected that consumers were more downbeat about Denmark’s economic outlook in one year than they were in September and that their families’ financial situation had deteriorated compared to a year ago. Danish consumers also considered that it was better to refrain from purchasing big ticket items. Conversely, their opinions about their households’ economic situation in one year improved and their assessment of the current economic outlook remained stable in October compared to the previous month.