Denmark Consumer Confidence December 2016

Denmark

Denmark: Consumer confidence drops to multi-year low in December

December 21, 2016

Consumer confidence in Denmark deteriorated severely in December and fell to a 43-month low of minus 0.3 points, down from plus 0.9 points in November, Statistics Denmark (DST) reported.

December’s survey reflected that households were particularly negative about both their financial situation in the past 12 months and their ability to make major purchases at present. Consumers also expect a worsening labor market in the coming year. However, the survey participants were slightly less pessimistic than in November about the general outlook for the country’s economy in the next 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.8% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists expect consumption to expand 2.0%.


Author: Marlène Rump, Economist

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Denmark Consumer Confidence Chart


Denmark Consumer Confidence December 2016

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


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