Denmark Consumer Confidence

Denmark

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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.3% in 2014, which is unchanged from last month’s forecast. For 2015, panelists expect consumption to expand 1.9%.


Author: Angela Bouzanis, Senior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence August 2014

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


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