Denmark: Consumer confidence declines in August
August 23, 2018
The consumer confidence index released by Statistics Denmark dropped from 9.7 points in July to 7.8 points in August. Despite the drop, the index lies comfortably above the crucial zero-point mark that separates optimism from pessimism among consumers, where it has been since January 2017.
August’s decline reflected consumers’ less positive view of both their personal financial situation and the general economic situation over the last 12 months and for the year ahead. However, consumers became more willing to make major purchases.
Denmark Private Consumption Forecast
FocusEconomics Consensus Forecast panelists expect private consumption to expand 2.3% in 2018. In 2019, panelists also expect private consumption to grow 2.3%.
Author: Oliver Reynolds, Economist