Denmark: Consumer confidence deteriorates in September over previous month
September 20, 2013
In September, the consumer confidence indicator developed by Statistics Denmark (DST) decreased to 4.7 points, down from the 5.9 points recorded in August. The reading represents the first drop after four consecutive periods of increase.
Households were less optimistic about the current and future economic prospects of the country in September versus August. In addition, consumers were less willing to buy durable goods compared to the previous month.
FocusEconomics Consensus Forecast panelists expect private consumption to expand 0.4% in 2013, which is unchanged from last month's forecast. For 2014, panelists expect consumption to expand 1.2%, which is up 0.1 percentage points from last month's projection.
Author: Dirina Mançellari, Senior Economist