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.