Denmark Consumer Confidence May 2022

Denmark

Denmark: Consumer confidence falls to fresh record low in May

May 20, 2022

Consumer confidence deteriorated to minus 22.4 in May from April's minus 20.9. May's result marked the weakest sentiment on record. As a result, the index moved further below the 0-point threshold, indicating more pessimism among Danish consumers.

The downturn came on the back of a deterioration of consumers’ views regarding their financial situation at present compared to a year ago. Additionally, their views with regard to the country’s general economic situation both at present and for the coming 12-month period also deteriorated.

FocusEconomics Consensus Forecast panelists see private consumption expanding 2.9% in 2022, which is down 0.5 percentage points from last month’s forecast, and 2.7% in 2023.


Author:, Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence May 2022

Note: Value of monthly consumer confidence.
Source: Statistics Denmark (DST).


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