Denmark Consumer Confidence May 2017

Denmark

Denmark: Consumer confidence eases in May

May 19, 2017

The consumer confidence index came in at 5.8 points in May (April: 7.4 points) after four months of increasing optimism among Danish consumers.

Consumers’ view of the performance of the economy over the last 12 months and the outlook of the economy over the next 12 months was less optimistic. Consumers were also less positive about both their past financial situation and their view of their financial situation over the next 12 months. However, consumers were more optimistic about employment expectations over the next 12 months. They also indicated that they are saving more at present and that they will save more over the next 12 months.

FocusEconomics Consensus Forecast panelists expect private consumption to expand 1.8% in 2017, which is from up 0.2 percentage points last month’s forecast. For 2018, panelists expect consumption to expand 2.0%.


Author:, Economist

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Denmark Consumer Confidence May 2017 1

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


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