Denmark: Consumer confidence continues upward trend in August
August 22, 2014
In August, the consumer confidence indicator developed by Statistics Denmark (DST) rose for the sixth consecutive month, to 11.4 points, which marked the highest level since January 2007. August’s result represented an increase over the 10.6 points recorded in July.
August’s reading reflects households’ more optimistic opinions regarding the general economic situation of the country over the last 12 months. Additionally, consumers’ opinions regarding their own financial situation over the last year improved compared to last month. Conversely, households were slightly more pessimistic regarding Denmark’s economic outlook one year out and on the development of consumer prices over the last year.