Denmark: Consumer confidence drops further in June
June 24, 2015
The consumer confidence indicator developed by Statistics Denmark (DST) decreased from 13.0 points in May to 9.8 points in June, thus falling to the lowest level in four months.
June’s reading reflects consumers’ less positive perceptions of the economic situation in Denmark today compared to a year ago. Consumers were also less upbeat regarding their family’s situation, both in terms of the past and what they expect going forward. Moreover, consumers expressed less interest in making big-ticket purchases and they continued to have a negative feeling about the unemployment rate in the next 12 months.
Author: Dirina Mançellari, Senior Economist