Denmark Consumer Confidence September 2016

Denmark

Denmark: Pessimism rises among Danish consumers in September

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. They were also more skeptical about the purchase of big ticket items and their household’s financial outlook in one year. Conversely, their opinions about their household’s current economic situation were unchanged.

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%.


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Denmark Consumer Confidence Chart


Denmark Consumer Confidence September 2016

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


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