Denmark Consumer Confidence August 2016

Denmark

Denmark: Mood among Danish consumers improves slightly in August

August 23, 2016

The consumer confidence indicator produced by Statistics Denmark (DST) rose from July’s nine-month low of 3.1 points to 4.8 points in August.

August’s improvement mainly reflected that households were more positive about the Danish economy, as they assessed the country’s current economic situation and its economic prospects in the next 12 months more favorably than in July. Consumers’ expectations for their households’ economic situation and their outlook for unemployment also improved. By contrast, consumers remained skeptical about the purchase of large-ticket-items.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.9% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect consumption to expand 2.0%.


Author: Teresa Kersting, Economist

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Denmark Consumer Confidence August 2016 0

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


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