Denmark: Consumer confidence dips further into pessimistic territory
December 20, 2012
In December, the consumer confidence indicator elaborated by Statistics Denmark (DST) fell to minus 4.7 points from minus 1.3 points in November, which exceeded market expectations of minus 3.0 points. As a result, consumer confidence remains mired in negative territory, which suggests a pessimistic outlook for private consumption in the near term.
According to DST, households were more pessimistic about their current financial situation as well as regarding the current national outlook. Moreover, consumers were slightly less optimistic about their future financial situation. Accordingly, the sub-index relative to the willingness to make major purchases weakened over the previous month.