In October, the consumer confidence indicator elaborated by Statistics Denmark (DST) fell to minus 5.5 points from minus 2.2 points in September. The decline marked the third consecutive deterioration in the index and brought consumer sentiment to its lowest level in nine months. Furthermore, with the monthly drop, consumer confidence dipped further into negative territory, which suggests a pessimistic outlook for private consumption in the near term. According to DST, households were more pessimistic about their current financial situation as well as regarding the future national outlook. On a positive note, consumers were slightly more optimistic about their future financial situation.
Denmark Consumer Confidence
Consumer confidence dips further into negative territory
October 23, 2012
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Denmark Consumer Confidence Chart
Note: Value of monthly consumer confidence indicator index.
Source: Statistics Denmark (DST).
Denmark Economic News
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.
October 10, 2016
In September, consumer prices were flat on a monthly basis, which came in above August’s 0.3% decrease.
September 30, 2016
In the second quarter, GDP expanded a revised seasonally-adjusted 0.4% over the previous quarter (previously reported: +0.5% quarter-on-quarter), according to data released by Statistics Denmark (DST) on 30 September.
September 29, 2016
The business confidence indicator developed by Statistics Denmark (DST) came in at minus 8 points in September, which marked a deterioration since the previous month’s minus 7 points.
September 22, 2016
The mood among Danish consumers turned more pessimistic and fell to the lowest level in over three years in September, as the consumer confidence indicator produced by Statistics Denmark (DST) fell from August’s 4.8 points to 1.8 points. September’s deterioration reflected that consumers assessed Denmark’s economic outlook in one year as well as the country’s current economic situation worse than in August.