Denmark Consumer Confidence March 2016

Denmark

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.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.9% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect consumption to expand 2.1%.


Author:, Senior Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence March 2016

Note: Value of monthly consumer confidence.
Source: Statistics Denmark (DST).


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