In November, the consumer confidence indicator elaborated by Statistics Denmark (DST) rose to minus 1.3 points from minus 5.5 points in October. Despite the monthly improvement, consumer confidence remains mired in negative territory, which suggests a pessimistic outlook for private consumption in the near term. According to DST, households were less pessimistic about their current financial situation as well as regarding the current national outlook. Moreover, consumers were slightly more optimistic about their future financial situation. On a negative note, the sub-index relative to the willingness to make major purchases remained in pessimistic territory, despite improving over the previous month. That said, on 15 November, Finance Minister Bjarne Corydon noted that economic growth may fall short of the government's 0.9% growth forecast as the Eurozone crisis dampens consumer confidence. For 2013, the government expects GDP to grow 1.7%. The Central Bank, however, maintains a more pessimistic 0.3% growth outlook for this year and a 1.7% expansion in 2013.
Denmark Consumer Confidence
Consumer confidence improves but remains pessimistic
November 22, 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 10, 2016
In September, consumer prices were unchanged over the previous month, which contrasted August’s 0.3% month-on-month 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.
September 12, 2016
In August, consumer prices fell 0.3% on a monthly basis, which came in below July’s 0.1% decrease.