Denmark: Consumer confidence eases marginally in October
October 23, 2017
The consumer confidence index released by Statistics Denmark recorded a third consecutive monthly decline in October, coming at 7.1 points and down from 7.3 points in September. In spite of the small decline, the consumer confidence index remains firmly entrenched above the crucial zero-point mark that separates optimism for pessimism among consumers, where it has been since the outset of the year.
The small dip came on the back of less positive views regarding households’ financial situation over the next 12 months, while consumers’ assessment of both the economy’s current and future situation also was less upbeat. These deteriorations, however, were mostly offset by an improvement in consumers’ confidence regarding their current financial situation, which fed into a less negative propensity towards purchasing big-ticket items.
Author: David Ampudia, Economist