Denmark: Consumer confidence drops in March
March 21, 2016
The consumer confidence indicator developed by Statistics Denmark (DST) dropped from 4.0 points in February to 3.6 points in March, hitting a five-month low.
March’s reading reflected consumers’ less-positive perceptions of the current economic situation in Denmark compared to a year ago. Households were also less upbeat regarding their personal financial. Conversely, consumers were less pessimistic about making big-ticket purchases compared to the previous month.
Author: Dirina Mançellari, Senior Economist